What is ChoiceOne Financial Services 12-1 Month Momentum %?
12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-01), ChoiceOne Financial Services's 12-1 Month Momentum % is 12.88%.
The industry rank for ChoiceOne Financial Services's 12-1 Month Momentum % or its related term are showing as below:
COFS's 12-1 Month Momentum % is ranked better than 54.54% of 1553
companies
in the Banks industry
Industry Median: 10.36
vs COFS: 12.88
Competitive Comparison of ChoiceOne Financial Services's 12-1 Month Momentum %
For the Banks - Regional subindustry, ChoiceOne Financial Services'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.
ChoiceOne Financial Services's 12-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, ChoiceOne Financial Services's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where ChoiceOne Financial Services'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.
ChoiceOne Financial Services 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of ChoiceOne Financial Services's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description
ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.
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