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Elmer Bancorp (Elmer Bancorp) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Elmer Bancorp Momentum Rank?

Elmer Bancorp has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Elmer Bancorp (Elmer Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Elmer Bancorp Inc (OTCPK:ELMA) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
10 South Main Street, P. O. Box 980, Elmer, NJ, USA, 08318
Website
https://www.elmerbank.com
Elmer Bancorp Inc is a bank holding company incorporated in the State of New Jersey. Its First National Bank of Elmer (the Bank) operates under a national bank charter and provides a complete line of business and personal banking products. The Bank operates through its six full-service offices located in Cumberland, Gloucester and Salem counties in New Jersey. The majority of the Bank's activities are with customers located within Southern New Jersey.

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