6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-30), Ocwen Financial's 6-1 Month Momentum % is 18.41%.
The industry rank for Ocwen Financial's 6-1 Month Momentum % or its related term are showing as below:
OCN's 6-1 Month Momentum % is ranked better than 65% of 1557
companies
in the Banks industry
Industry Median: 11.63
vs OCN: 18.41
Competitive Comparison of Ocwen Financial's 6-1 Month Momentum %
For the Mortgage Finance subindustry, Ocwen Financial'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.
Ocwen Financial's 6-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Ocwen Financial's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Ocwen Financial's 6-1 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 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.
Ocwen Financial 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Ocwen Financial's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ocwen Financial (Ocwen Financial) Business Description
Ocwen Financial Corp is a financial service company that services and originates loans. Its business segment includes Servicing and Lending. Servicing segment provides residential and commercial mortgage loan servicing, special servicing and asset management services. Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The company generates a majority of its revenue from the Servicing segment. Geographically, it generates a majority of its revenue from the United States.
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