Seylan Bank (COL:SEYB.N0000) 6-1 Month Momentum % : 15.53% (As of Jun. 20, 2024)

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What is Seylan Bank 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 (2024-06-20), Seylan Bank's 6-1 Month Momentum % is 15.53%.

The industry rank for Seylan Bank's 6-1 Month Momentum % or its related term are showing as below:

COL:SEYB.N0000's 6-1 Month Momentum % is ranked better than
75.58% of 1556 companies
in the Banks industry
Industry Median: 2.825 vs COL:SEYB.N0000: 15.53

Competitive Comparison of Seylan Bank's 6-1 Month Momentum %

For the Banks - Regional subindustry, Seylan Bank'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.

Seylan Bank's 6-1 Month Momentum % Distribution in the Banks Industry

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

* The bar in red indicates where Seylan Bank's 6-1 Month Momentum % falls into.

Seylan Bank (COL:SEYB.N0000) 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.

Seylan Bank (COL:SEYB.N0000) 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.

Seylan Bank 6-1 Month Momentum % Related Terms

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Seylan Bank (COL:SEYB.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Seylan Bank PLC (COL:SEYB.N0000) » Definitions » 6-1 Month Momentum %

Traded in Other Exchanges

SEYB.X0000:Sri Lanka

Address

No. 90, Galle Road, Seylan Towers, Colombo, LKA, 03

Website

https://www.seylan.lk

Seylan Bank PLC is engaged in providing banking and other financial services. The company operates through various business segments that are Banking, which includes loans and receivables, margin trading, insurance, deposits, and other transactions and balances with corporate and retail customers; Treasury, which undertakes funding and centralized risk management activities through borrowings, issues of debt securities, and use of derivatives for risk management purpose; and Property/Investments segment includes property investment income, expenses, assets and liabilities. The Banking segment generates maximum revenue for the company. It offers the service in the Sri Lanka market region.

Seylan Bank (COL:SEYB.N0000) Headlines

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