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), Veritex Holdings's 6-1 Month Momentum % is -0.36%.
The industry rank for Veritex Holdings's 6-1 Month Momentum % or its related term are showing as below:
VBTX's 6-1 Month Momentum % is ranked worse than 70.59% of 1564
companies
in the Banks industry
Industry Median: 5.095
vs VBTX: -0.36
Competitive Comparison of Veritex Holdings's 6-1 Month Momentum %
For the Banks - Regional subindustry, Veritex 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.
Veritex Holdings's 6-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Veritex Holdings's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Veritex 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.
Veritex Holdings 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Veritex Holdings's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Veritex Holdings (Veritex Holdings) Business Description
Veritex Holdings Inc is engaged in the provision of commercial banking products and services to small to medium-sized businesses and professionals. The bank provides a range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines, and banking by telephone, mail and personal appointment. The company's primary sources of revenue are derived from interest and dividends earned on loans, debt and equity securities and other financial instruments.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
VBTX has been successfully added to your