12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-23), SBA Communications's 12-1 Month Momentum % is -16.12%.
The industry rank for SBA Communications's 12-1 Month Momentum % or its related term are showing as below:
SBAC's 12-1 Month Momentum % is ranked worse than 80.46% of 824
companies
in the REITs industry
Industry Median: -1.425
vs SBAC: -16.12
Competitive Comparison
For the REIT - Specialty subindustry, SBA Communications's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.
SBA Communications 12-1 Month Momentum % Distribution
For the REITs industry and Real Estate sector, SBA Communications's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where SBA Communications's 12-1 Month Momentum % falls into.
* 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.
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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.
SBA Communications 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of SBA Communications's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
SBA Communications (SBA Communications) Business Description
SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company owns more than 17,000 towers in the U.S., which accounted for about three fourths of the company's total revenue in 2022. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust, or REIT.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SBAC has been successfully added to your