12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-29), Uniti Group's 12-1 Month Momentum % is 100.68%.
The industry rank for Uniti Group's 12-1 Month Momentum % or its related term are showing as below:
UNIT's 12-1 Month Momentum % is ranked better than 96.83% of 821
companies
in the REITs industry
Industry Median: -0.84
vs UNIT: 100.68
Competitive Comparison of Uniti Group's 12-1 Month Momentum %
For the REIT - Specialty subindustry, Uniti Group'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.
Uniti Group's 12-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Uniti Group's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Uniti Group's 12-1 Month Momentum % falls into.
Uniti Group (NAS:UNIT) 12-1 Month Momentum % Calculation
12-1 Month Momentum % is calculated as following:
12-1 Month Momentum %
=
( Price 1-month ago
/
Price 12-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.
Uniti Group (NAS:UNIT) 12-1 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 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.
Uniti Group 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Uniti Group's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Uniti is a REIT with about 135,000 route miles of fiber in the U.S., primarily in the Southeast. Uniti reports its business in two segments: leasing and fiber. Leasing currently makes up about 75% of total revenue and consists mostly of Uniti's master lease agreement with Windstream. Uniti was spun out of Windstream in 2015 with a substantial portion of Windstream's network assets, and it immediately leased the entire portfolio back for Windstream's exclusive use. Other leasing revenue stems from sale-leaseback transactions with other fiber holders. Uniti generates fiber revenue by leasing dark and lit fiber to wireless carriers and other enterprises.
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