What is Sunlight Financial Holdings 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 (2024-05-17), Sunlight Financial Holdings's 6-1 Month Momentum % is -99.66%.
The industry rank for Sunlight Financial Holdings's 6-1 Month Momentum % or its related term are showing as below:
SUNLQ's 6-1 Month Momentum % is not ranked
in the Credit Services industry.
Industry Median: 8.57
vs SUNLQ: -99.66
Competitive Comparison of Sunlight Financial Holdings's 6-1 Month Momentum %
For the Credit Services subindustry, Sunlight Financial Holdings'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.
Sunlight Financial Holdings's 6-1 Month Momentum % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Sunlight Financial Holdings's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Sunlight Financial Holdings'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.
Sunlight Financial Holdings 6-1 Month Momentum % Related Terms
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Sunlight Financial Holdings (Sunlight Financial Holdings) Business Description
Sunlight Financial Holdings Inc is a technology-enabled point-of-sale finance company. It partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. It's technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. It earns revenue in two streams: platform fees earned on each loan facilitated via Orange and fees earned for loan portfolio management, servicing, and administration services.
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