Public Storage (Public Storage) 6-1 Month Momentum %

: -2.06% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-16), Public Storage's 6-1 Month Momentum % is -2.06%.

The industry rank for Public Storage's 6-1 Month Momentum % or its related term are showing as below:

PSAPRRCL.PFD's 6-1 Month Momentum % is ranked better than
63.98% of 844 companies
in the REITs industry
Industry Median: 2.675 vs PSAPRRCL.PFD: -2.06

Competitive Comparison

For the REIT - Industrial subindustry, Public Storage's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Public Storage 6-1 Month Momentum % Distribution

For the REITs industry and Real Estate sector, Public Storage's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Public Storage's 6-1 Month Momentum % falls into.

Public Storage (NYSE:PSAPRRCL.PFD) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Public Storage (NYSE:PSAPRRCL.PFD) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Public Storage 6-1 Month Momentum % Related Terms

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Public Storage (Public Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSAPRRCL.PFD) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

PSApS.PFD:USA PSApR.PFD:USA PSApQ.PFD:USA PSApP.PFD:USA PSApO.PFD:USA PSApN.PFD:USA PSApM.PFD:USA PSApL.PFD:USA PSApK.PFD:USA PSApJ.PFD:USA PSApI.PFD:USA PSApH.PFD:USA PSA.pG.PFD:USA PSApF.PFD:USA PSA:USA PUP:Germany P1SA34:Brazil

Address

701 Western Avenue, Glendale, CA, USA, 91201-2349

Website

https://www.publicstorage.com

Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.