What is Two Harbors Investment 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), Two Harbors Investment's 6-1 Month Momentum % is 32.05%.
The industry rank for Two Harbors Investment's 6-1 Month Momentum % or its related term are showing as below:
TWO's 6-1 Month Momentum % is ranked better than 90.26% of 842
companies
in the REITs industry
Industry Median: 5.575
vs TWO: 32.05
Competitive Comparison of Two Harbors Investment's 6-1 Month Momentum %
For the REIT - Mortgage subindustry, Two Harbors Investment'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.
Two Harbors Investment's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Two Harbors Investment's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Two Harbors Investment's 6-1 Month Momentum % falls into.
Two Harbors Investment (NYSE:TWO) 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.
Two Harbors Investment (NYSE:TWO) 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.
Two Harbors Investment 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Two Harbors Investment's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Two Harbors Investment (Two Harbors Investment) Business Description
Two Harbors Investment Corp is a real estate investment trust primarily focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. Most of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.
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