Equity Residential (FRA:EQR) 6-Month Price Index : 1.21 (As of May. 18, 2024)

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What is Equity Residential 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-18), Equity Residential's 6-Month Price Index is 1.21.

Competitive Comparison of Equity Residential's 6-Month Price Index

For the REIT - Residential subindustry, Equity Residential's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index 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.

Equity Residential (FRA:EQR) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* 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.

Equity Residential (FRA:EQR) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Equity Residential 6-Month Price Index Related Terms

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Equity Residential (FRA:EQR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Residential (FRA:EQR) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

EQR:USA E1QR34:Brazil

Address

Two North Riverside Plaza, Chicago, IL, USA, 60606

Website

https://www.equityapartments.com

Equity Residential owns a portfolio of 304 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.