Affinity Bancshares (FRA:5610) Momentum Rank : 6 (As of Jun. 24, 2024)

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What is Affinity Bancshares Momentum Rank?

Affinity Bancshares has the Momentum Rank of 6.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Affinity Bancshares's Momentum Rank

For the Banks - Regional subindustry, Affinity Bancshares's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

Affinity Bancshares's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Affinity Bancshares's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Affinity Bancshares's Momentum Rank falls into.

Affinity Bancshares Momentum Rank Related Terms

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Affinity Bancshares (FRA:5610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Affinity Bancshares Inc (FRA:5610) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AFBI:USA

Address

3175 Highway 278, Covington, GA, USA, 30014

Website

https://www.myaffinitybank.com

Affinity Bancshares Inc is a holding company of Affinity Bank, a federally chartered stock savings bank that offers a variety of deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial and industrial loans, and residential real estate loans, construction and land loans, and consumer loans. It also invests in securities, which consist of mortgage-backed securities and obligations issued by United States government-sponsored enterprises and Federal Home Loan Bank stock.

Affinity Bancshares (FRA:5610) Headlines

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