6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-23), Community West Bancshares's 6-1 Month Momentum % is 21.33%.
The industry rank for Community West Bancshares's 6-1 Month Momentum % or its related term are showing as below:
CWBC's 6-1 Month Momentum % is ranked better than 73.22% of 1557
companies
in the Banks industry
Industry Median: 10.05
vs CWBC: 21.33
Competitive Comparison
For the Banks - Regional subindustry, Community West 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.
Community West Bancshares 6-1 Month Momentum % Distribution
For the Banks industry and Financial Services sector, Community West Bancshares's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Community West Bancshares's 6-1 Month Momentum % falls into.
Community West Bancshares (NAS:CWBC) 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.
Community West Bancshares (NAS:CWBC) 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.
Community West Bancshares 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Community West Bancshares's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Community West Bancshares (Community West Bancshares) Business Description
Central Valley Community Bancorp offers a full range of commercial banking services to small and medium size businesses, their owners, managers, and employees in the central valley area of California. It conducts a commercial banking business, which includes accepting demand, savings and time deposits and making commercial, real estate, and consumer loans. The company also provides domestic and international wire transfer services and provides safe deposit boxes and other customary banking services. It is also engaged in internet banking which consists of inquiry, account status, bill paying, account transfers, and cash management.
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