Cardinal Bankshares (Cardinal Bankshares) 6-1 Month Momentum % : 11.43% (As of May. 04, 2024)

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

What is Cardinal Bankshares 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 (2024-05-04), Cardinal Bankshares's 6-1 Month Momentum % is 11.43%.

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

CDBK's 6-1 Month Momentum % is not ranked
in the Banks industry.
Industry Median: 6.675 vs CDBK: 11.43

Competitive Comparison of Cardinal Bankshares's 6-1 Month Momentum %

For the Banks - Regional subindustry, Cardinal Bankshares'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.

Cardinal Bankshares's 6-1 Month Momentum % Distribution in the Banks Industry

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

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

Cardinal Bankshares (OTCPK:CDBK) 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.

Cardinal Bankshares (OTCPK:CDBK) 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.

Cardinal Bankshares 6-1 Month Momentum % Related Terms

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

Cardinal Bankshares (Cardinal Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cardinal Bankshares Corp (OTCPK:CDBK) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.bankoffloyd.com

Cardinal Bankshares Corp was incorporated as a Virginia Corporation on March 12, 1996 to acquire the stock of Bank of Floyd the Bank. The Bank was acquired by the Company on June 30, 1996. The Bank was organized as a state chartered bank on February 24, 1951 through the consummation of a plan of consolidation between two state chartered community banks then operating in Floyd County, Virginia. The Bank and its wholly owned subsidiary, FBC, Inc., are incorporated and operate under the laws of the Commonwealth of Virginia. The business of the Company and Bank is to provide individual and corporate banking services through the Bank's. The Bank's wholly owned subsidiary, FBC, Inc., has interests in Virginia Title Center, LLC as well as Virginia Bankers Insurance Center, LLC, both of which act as title insurance companies. FBC, Inc. also has an interest in VBA Investment Services, LLC. The Bank is a full service retail commercial bank offering a range of services, including demand and time deposits as well as installment, mortgage and other consumer lending services. The Bank makes seasonal and term commercial loans, both alone and in conjunction with other banks or governmental agencies. The majority of loans, commitments to extend credit, and standby letters of credit have been granted to customers in the Company's market area. The majority of such customers are also depositors. The Company competes as a financial intermediary with other commercial banks, savings and loan associations, credit unions and money market mutual funds operating in its trade area and elsewhere. As a state chartered Federal Reserve member, the Bank is subject to regulation by the Virginia Bureau of Financial Institutions and the Federal Reserve. FBC, Inc.'s assets and operations consist mainly of minority interests in title insurance companies.

Cardinal Bankshares (Cardinal Bankshares) Headlines

No Headlines