GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Auswide Bank Ltd (ASX:ABA) » Definitions » 6-1 Month Momentum %

Auswide Bank (ASX:ABA) 6-1 Month Momentum % : -13.28% (As of May. 14, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Auswide Bank 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 (2024-05-14), Auswide Bank's 6-1 Month Momentum % is -13.28%.

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

ASX:ABA's 6-1 Month Momentum % is ranked worse than
92.94% of 1559 companies
in the Banks industry
Industry Median: 7.54 vs ASX:ABA: -13.28

Competitive Comparison of Auswide Bank's 6-1 Month Momentum %

For the Banks - Regional subindustry, Auswide Bank'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.


Auswide Bank's 6-1 Month Momentum % Distribution in the Banks Industry

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

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



Auswide Bank  (ASX:ABA) 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.


Auswide Bank  (ASX:ABA) 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.


Auswide Bank 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Auswide Bank's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Auswide Bank (ASX:ABA) Business Description

Traded in Other Exchanges
N/A
Address
16-20 Barolin Street, Level 3, Floor 5, Bundaberg, QLD, AUS, 4670
Auswide Bank Ltd engages in providing banking, finance products, and services to retail customers with residential lending and retail deposits. It offers loans, savings and investments, insurance, foreign exchange, and banking services. Its loan products include home, car, personal, and business term loans; business overdrafts; business lines of credit; and bank guarantees; and commercial vehicle and equipment finance. The company operates in one geographical segment which is the Commonwealth of Australia..

Auswide Bank (ASX:ABA) Headlines

From GuruFocus

Alfi: Solid Growth Potential Lies Ahead

By Ishan Majumdar Ishan Majumdar 06-02-2021

ALFI Inc: A Little Known Yet Compelling Ad-Tech Play

By Ishan Majumdar Ishan Majumdar 05-07-2021