6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-26), Shore Bancshares's 6-1 Month Momentum % is 12.04%.
The industry rank for Shore Bancshares's 6-1 Month Momentum % or its related term are showing as below:
SHBI's 6-1 Month Momentum % is ranked better than 53.69% of 1559
companies
in the Banks industry
Industry Median: 10.59
vs SHBI: 12.04
Competitive Comparison of Shore Bancshares's 6-1 Month Momentum %
For the Banks - Regional subindustry, Shore 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.
Shore Bancshares's 6-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Shore Bancshares's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Shore Bancshares'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.
Shore Bancshares 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Shore Bancshares's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shore Bancshares (Shore Bancshares) Business Description
Shore Bancshares Inc is a financial holding company. It offers personalized banking, insurance, and investment services to families and businesses in the Mid-Atlantic region. It operates in two business segments - community banking and mortgage banking. Community banking is conducted through the Bank and involves delivering a broad range of financial services, including lending and deposit-taking, to individuals and commercial enterprises, it also includes treasury and administrative functions. Mortgage banking is conducted through the Bank's secondary marketing department and involves originating first and second-lien residential mortgages for sale in the secondary market.
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