What is Provident Financial Services 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 (2024-04-29), Provident Financial Services's 6-1 Month Momentum % is -2.93%.
The industry rank for Provident Financial Services's 6-1 Month Momentum % or its related term are showing as below:
PFS's 6-1 Month Momentum % is ranked worse than 81.88% of 1556
companies
in the Banks industry
Industry Median: 10.14
vs PFS: -2.93
Competitive Comparison of Provident Financial Services's 6-1 Month Momentum %
For the Banks - Regional subindustry, Provident Financial Services'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.
Provident Financial Services's 6-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Provident Financial Services's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Provident Financial Services'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.
Provident Financial Services 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Provident Financial Services's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Provident Financial Services (Provident Financial Services) Business Description
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
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