GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Elme Communities (FRA:WRI) » Definitions » 6-Month Price Index

Elme Communities (FRA:WRI) 6-Month Price Index : 1.17 (As of May. 15, 2024)


View and export this data going back to . Start your Free Trial

What is Elme Communities 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 (2024-05-15), Elme Communities's 6-Month Price Index is 1.17.

Competitive Comparison of Elme Communities's 6-Month Price Index

For the REIT - Residential subindustry, Elme Communities'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.

Elme Communities  (FRA:WRI) 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.

Elme Communities  (FRA:WRI) 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.

Elme Communities 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Elme Communities's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Elme Communities (FRA:WRI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Elme Communities (FRA:WRI) » Definitions » 6-Month Price Index
Comparable Companies
VRE AIV UMH CSR NXRT BRT FREVS BHM CLPR IRT AVB EQR INVH ESS MAA SUI AMH UDR ELS CPT
Traded in Other Exchanges
ELME:USA
Address
1775 Eye Street North West, Suite 1000, Washington, DC, USA, 20006
Website
https://www.elmecommunities.com
Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located primarily near major transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's largest tenants are banking, consulting, law, and financial services firms.