What is Great Western Bancorp 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), Great Western Bancorp's 6-1 Month Momentum % is 10.26%.
The industry rank for Great Western Bancorp's 6-1 Month Momentum % or its related term are showing as below:
GWB's 6-1 Month Momentum % is not ranked
in the Banks industry.
Industry Median: 6.675
vs GWB: 10.26
Competitive Comparison of Great Western Bancorp's 6-1 Month Momentum %
For the Banks - Regional subindustry, Great Western Bancorp'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.
Great Western Bancorp's 6-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Great Western Bancorp's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Great Western Bancorp's 6-1 Month Momentum % falls into.
Great Western Bancorp (NYSE:GWB) 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.
Great Western Bancorp (NYSE:GWB) 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.
Great Western Bancorp 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Great Western Bancorp's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Great Western Bancorp (Great Western Bancorp) Business Description
Great Western Bancorp Inc is a bank holding company. The company principally operates through its wholly owned subsidiary, Great Western Bank. The bank is a full-service regional bank focused on relationship-based banking and agri-business banking primarily in the Midwest, as well as the Southwest region of the United States. The bank's strategy does not emphasize building-specific lines of business or geographic segments but instead prefers to work as an integrated unit providing customized solutions for its customers. The company, therefore, reports only through one segment. A plurality of its loan portfolio is in commercial real estate, followed by agricultural loans. The vast majority of the company's net revenue comes from net interest income.
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