6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-05), Meritage Homes's 6-1 Month Momentum % is 23.23%.
The industry rank for Meritage Homes's 6-1 Month Momentum % or its related term are showing as below:
MTH's 6-1 Month Momentum % is ranked better than 59.81% of 107
companies
in the Homebuilding & Construction industry
Industry Median: 14.03
vs MTH: 23.23
Competitive Comparison of Meritage Homes's 6-1 Month Momentum %
For the Residential Construction subindustry, Meritage Homes'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.
Meritage Homes's 6-1 Month Momentum % Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Meritage Homes's 6-1 Month Momentum % falls into.
Meritage Homes (NYSE:MTH) 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.
Meritage Homes (NYSE:MTH) 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.
Meritage Homes 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Meritage Homes's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Meritage Homes (Meritage Homes) Business Description
Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MTH has been successfully added to your