6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-28), Live Oak Bancshares's 6-1 Month Momentum % is 36.80%.
The industry rank for Live Oak Bancshares's 6-1 Month Momentum % or its related term are showing as below:
LOB's 6-1 Month Momentum % is ranked better than 89.27% of 1556
companies
in the Banks industry
Industry Median: 10.255
vs LOB: 36.80
Competitive Comparison of Live Oak Bancshares's 6-1 Month Momentum %
For the Banks - Regional subindustry, Live Oak Bancshares'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.
Live Oak Bancshares's 6-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Live Oak Bancshares's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Live Oak Bancshares's 6-1 Month Momentum % falls into.
Live Oak Bancshares (NYSE:LOB) 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.
Live Oak Bancshares (NYSE:LOB) 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.
Live Oak Bancshares 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Live Oak Bancshares's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Live Oak Bancshares (Live Oak Bancshares) Business Description
Live Oak Bancshares Inc operates as the bank holding company for the Live Oak Banking Company. The company specializes in lending and deposit-related services to small businesses nationwide. The company identifies and extends lending to credit-worthy borrowers both within specific industries, also called verticals, through expertise within those industries, and more broadly to select borrowers outside of those industries. A portion of the loans originated by the Bank are partially guaranteed by the Small Business Administration under the 7(a) Loan Program and the U.S. Department of Agriculture Rural Energy for America Program, Water and Environmental Program, Business and Industry and Community Facilities loan programs.
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