Navient (Navient) 6-1 Month Momentum % : 6.39% (As of Apr. 29, 2024)

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What is Navient 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), Navient's 6-1 Month Momentum % is 6.39%.

The industry rank for Navient's 6-1 Month Momentum % or its related term are showing as below:

NAVI's 6-1 Month Momentum % is ranked worse than
54.29% of 560 companies
in the Credit Services industry
Industry Median: 9.675 vs NAVI: 6.39

Competitive Comparison of Navient's 6-1 Month Momentum %

For the Credit Services subindustry, Navient'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.

Navient's 6-1 Month Momentum % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Navient's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Navient's 6-1 Month Momentum % falls into.

Navient (NAS:NAVI) 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.

Navient (NAS:NAVI) 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.

Navient 6-1 Month Momentum % Related Terms

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Navient (Navient) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Navient Corp (NAS:NAVI) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

10D:Germany

Address

123 Justison Street, Wilmington, DE, USA, 19801

Website

https://www.navient.com

Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.

Executives

John M Kane	officer: Chief Operating Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Mark L Heleen	officer: EVP & Chief Legal Officer	12061 BLUEMONT WAY, RESTON VA 20190
Stephen M Hauber	officer: SVP, Chief Risk&Compliance Off	123 S JUSTISON STREET, SUITE 300, WILMINGTON DE 19801
Newbury Investors Llc	10 percent owner	135 EAST 57TH STREET, NEW YORK NY 10022
Edward J Bramson	10 percent owner	SHERBORNE INVESTORS MANAGEMENT LP, 135 EAST 57TH STREET, NEW YORK NY 10022
Sherborne Investors Gp, Llc	10 percent owner	135 EAST 57TH STREET, NEW YORK NY 10022
Stephen Welker	10 percent owner	SHERBORNE INVESTORS MANAGEMENT LP, 135 EAST 57TH STREET, NEW YORK NY 10022
Sherborne Investors Lp	10 percent owner	135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022
Sherborne Investors Management Gp, Llc	10 percent owner	135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022
Sherborne Investors Management Lp	10 percent owner	135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022
Michael A Lawson	director	123 JUSTISON STREET, WILMINGTON DE 19801
Joe Fisher	officer: EVP, CFO & PAO	123 JUSTISON STREET, WILMINGTON DE 19801
Anna Escobedo Cabral	director	300 CONTINENTAL DRIVE, NEWARK DE 19713
John F Remondi	director, officer: Chief Executive Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Ted A Morris	officer: Acting Chief Financial Officer	123 S. JUSTISON STREET, WILMINGTON DE 19801