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Skyline Bankshares (Skyline Bankshares) 12-1 Month Momentum % : 4.73% (As of Apr. 29, 2024)


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What is Skyline Bankshares 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 (2024-04-29), Skyline Bankshares's 12-1 Month Momentum % is 4.73%.

The industry rank for Skyline Bankshares's 12-1 Month Momentum % or its related term are showing as below:

SLBK's 12-1 Month Momentum % is ranked worse than
59.27% of 1554 companies
in the Banks industry
Industry Median: 10.13 vs SLBK: 4.73

Competitive Comparison of Skyline Bankshares's 12-1 Month Momentum %

For the Banks - Regional subindustry, Skyline Bankshares'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.


Skyline Bankshares's 12-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Skyline Bankshares's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Skyline Bankshares's 12-1 Month Momentum % falls into.



Skyline Bankshares  (OTCPK:SLBK) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.


Skyline Bankshares  (OTCPK:SLBK) 12-1 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 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.


Skyline Bankshares 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Skyline Bankshares's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Skyline Bankshares (Skyline Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
101 Jacksonville Circle, Floyd, VA, USA, 24091
Skyline Bankshares Inc is a bank holding company. The company's product and service portfolio includes regular savings, demand, NOW, money market deposits, individual retirement accounts, and small denomination certificates of deposit. It also offers a variety of secured loans, including commercial lines of credit, commercial term loans, real estate, construction, home equity, consumer, and other loans.

Skyline Bankshares (Skyline Bankshares) Headlines

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