Cofinimmo/NV (XBRU:COFB) 6-1 Month Momentum % : -5.50% (As of May. 05, 2024)

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What is Cofinimmo/NV 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 (2024-05-05), Cofinimmo/NV's 6-1 Month Momentum % is -5.50%.

The industry rank for Cofinimmo/NV's 6-1 Month Momentum % or its related term are showing as below:

XBRU:COFB's 6-1 Month Momentum % is ranked worse than
79.62% of 839 companies
in the REITs industry
Industry Median: 2.38 vs XBRU:COFB: -5.50

Competitive Comparison of Cofinimmo/NV's 6-1 Month Momentum %

For the REIT - Diversified subindustry, Cofinimmo/NV'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.

Cofinimmo/NV's 6-1 Month Momentum % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cofinimmo/NV's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Cofinimmo/NV's 6-1 Month Momentum % falls into.

Cofinimmo/NV (XBRU:COFB) 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.

Cofinimmo/NV (XBRU:COFB) 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.

Cofinimmo/NV 6-1 Month Momentum % Related Terms

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Cofinimmo/NV (XBRU:COFB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cofinimmo SA/NV (XBRU:COFB) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

CFMOF:USA COFBb:UK 0J3X:UK COF:Germany COFB:Austria

Address

58 Boulevard de la Woluwedal, Brussels, BEL, 1200

Website

https://www.cofinimmo.com

Cofinimmo SA/NV is a Belgian real estate company primarily engaged in the ownership and management of the rental property in Western Europe. The vast majority of Cofinimmo's properties are split between office and healthcare purposes. The remainder is mainly restaurants, pubs, and insurance agencies. Most of Cofinimmo's assets are located in Belgium, while France is also home to a substantial share. The company's major tenants include healthcare firms, pubs and restaurants, banks, and insurance firms. Cofinimmo generates nearly all of its revenue through rental income. The company's healthcare and restaurant tenants typically sign long-term leases, while its office tenants generally elect for short-term agreements.

Cofinimmo/NV (XBRU:COFB) Headlines

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