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Prime Meridian Holding Co (Prime Meridian Holding Co) 6-1 Month Momentum % : 3.91% (As of May. 05, 2024)


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What is Prime Meridian Holding Co 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), Prime Meridian Holding Co's 6-1 Month Momentum % is 3.91%.

The industry rank for Prime Meridian Holding Co's 6-1 Month Momentum % or its related term are showing as below:

PMHG's 6-1 Month Momentum % is ranked worse than
58.53% of 1560 companies
in the Banks industry
Industry Median: 6.675 vs PMHG: 3.91

Competitive Comparison of Prime Meridian Holding Co's 6-1 Month Momentum %

For the Banks - Regional subindustry, Prime Meridian Holding Co'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.


Prime Meridian Holding Co's 6-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Prime Meridian Holding Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Prime Meridian Holding Co's 6-1 Month Momentum % falls into.



Prime Meridian Holding Co  (OTCPK:PMHG) 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.


Prime Meridian Holding Co  (OTCPK:PMHG) 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.


Prime Meridian Holding Co 6-1 Month Momentum % Related Terms

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Prime Meridian Holding Co (Prime Meridian Holding Co) Business Description

Traded in Other Exchanges
N/A
Address
1471 Timberlane Road, Tallahassee, FL, USA, 32312
Prime Meridian Holding Co is a bank holding company. Its services portfolio includes mobile banking, mobile deposit, Apple Pay, Bank-to-Bank transfers, online banking, demand interest-bearing, and non-interest-bearing accounts, and savings accounts, among others. It also offers commercial real estate loans, residential and home equity loans, construction loans, commercial loans, and consumer and other loans. The majority of revenues are derived from interest income and fees on loans, interest, and dividends from investment securities, and service charge income generated from demand accounts, ATM fees, and other services.