What is Ponce Financial Group 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 (2024-05-06), Ponce Financial Group's 6-1 Month Momentum % is N/A%.
The industry rank for Ponce Financial Group's 6-1 Month Momentum % or its related term are showing as below:
PDLB's 6-1 Month Momentum % is not ranked *
in the Banks industry.
Industry Median: 6.545 * Ranked among companies with meaningful 6-1 Month Momentum % only.
Competitive Comparison of Ponce Financial Group's 6-1 Month Momentum %
For the Banks - Regional subindustry, Ponce Financial Group'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.
Ponce Financial Group's 6-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Ponce Financial Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Ponce Financial Group's 6-1 Month Momentum % falls into.
Ponce Financial Group (NAS:PDLB) 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.
Ponce Financial Group (NAS:PDLB) 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.
Ponce Financial Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Ponce Financial Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ponce Financial Group (Ponce Financial Group) Business Description
Ponce Financial Group Inc, is a United States-based holding company. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in mortgage loans, consisting of one-to-four-family residential, multi-family residential, non-residential property and construction and land, and, to a lesser extent, business, and consumer loans. The company also invests in securities, which consists of securities issued by the U.S. Government and federal agencies and mortgage-backed securities issued by the United States government-sponsored enterprises. Some of the products and services include checking solutions, online and mobile banking, merchant credit card services, and others.
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