SpareBank 1 SMN (OSL:MING) 6-1 Month Momentum %

: 7.54% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), SpareBank 1 SMN's 6-1 Month Momentum % is 7.54%.

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

OSL:MING's 6-1 Month Momentum % is ranked worse than
51.61% of 1552 companies
in the Banks industry
Industry Median: 8.15 vs OSL:MING: 7.54

Competitive Comparison

For the Banks - Regional subindustry, SpareBank 1 SMN'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.

SpareBank 1 SMN 6-1 Month Momentum % Distribution

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

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

SpareBank 1 SMN (OSL:MING) 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.

SpareBank 1 SMN (OSL:MING) 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.

SpareBank 1 SMN 6-1 Month Momentum % Related Terms

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SpareBank 1 SMN (OSL:MING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SpareBank 1 SMN (OSL:MING) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

MINGo:UK 0IVM:UK SJI:Germany

Address

Sondre gate 4, Trondheim, NOR, 7011

Website

https://www.sparebank1.no

SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. A key element of the bank's is to maintain a variety of office solutions in municipal and administrative centers where the bank's customers are drawn. The bank is also making a push into digital banking channels via the Internet and mobile banking. The bank's credit is heavily exposed to the real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank's income is split nearly evenly between net interest income and net fees and commission income.

SpareBank 1 SMN (OSL:MING) Headlines

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