6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-08), Rhinebeck Bancorp's 6-1 Month Momentum % is 23.84%.
The industry rank for Rhinebeck Bancorp's 6-1 Month Momentum % or its related term are showing as below:
RBKB's 6-1 Month Momentum % is ranked better than 82.24% of 1560
companies
in the Banks industry
Industry Median: 7.3
vs RBKB: 23.84
Competitive Comparison of Rhinebeck Bancorp's 6-1 Month Momentum %
For the Banks - Regional subindustry, Rhinebeck Bancorp'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.
Rhinebeck Bancorp's 6-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Rhinebeck Bancorp's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Rhinebeck Bancorp's 6-1 Month Momentum % falls into.
* 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.
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.
Rhinebeck Bancorp 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Rhinebeck Bancorp's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rhinebeck Bancorp (Rhinebeck Bancorp) Business Description
Rhinebeck Bancorp Inc is the holding company for Rhinebeck Bank which provides a full range of banking and financial services to consumer and commercial customers. Financial services, including investment advisory and financial product sales, are offered through a division of the Bank doing business as Rhinebeck Asset Management (RAM). The Bank's primary business activity is accepting deposits from the general public and using those funds to originate indirect automobile loans (automobile loans referred by automobile dealerships), commercial real estate loans (which include multi-family real estate loans and commercial construction loans), commercial business loans and one- to four-family residential real estate loans, and to purchase investment securities.
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