What is Spirit Realty Capital 6-1 Month Momentum %?
6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-26), Spirit Realty Capital's 6-1 Month Momentum % is 4.42%.
The industry rank for Spirit Realty Capital's 6-1 Month Momentum % or its related term are showing as below:
SRC's 6-1 Month Momentum % is not ranked
in the REITs industry.
Industry Median: 5.575
vs SRC: 4.42
Competitive Comparison of Spirit Realty Capital's 6-1 Month Momentum %
For the REIT - Diversified subindustry, Spirit Realty Capital'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.
Spirit Realty Capital's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Spirit Realty Capital's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Spirit Realty Capital's 6-1 Month Momentum % falls into.
Spirit Realty Capital (NYSE:SRC) 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.
Spirit Realty Capital (NYSE:SRC) 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.
Spirit Realty Capital 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Spirit Realty Capital's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Spirit Realty Capital (Spirit Realty Capital) Business Description
Spirit Realty Capital Inc is a real estate investment trust primarily involved in leasing properties throughout the U.S. Spirit Realty's core business is acquiring real estate through sale-leaseback transactions in which a tenant will sell their property to Spirit and then lease that same property back from Spirit through a prearranged, long-term agreement. Spirit generates nearly all of its revenue in the form of rental income derived from leasing assets in its real estate portfolio. The vast majority of this portfolio is composed of retail properties. General merchandise companies, casual dining chains, and quick service restaurant chains represent significant amounts of Spirit's rental income. The company's real estate assets are fairly evenly distributed throughout the U.S.
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