GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Internet Bancorp (FRA:45H) » Definitions » 12-1 Month Momentum %

First Internet Bancorp (FRA:45H) 12-1 Month Momentum % : 77.67% (As of Dec. 12, 2024)


View and export this data going back to 2020. Start your Free Trial

What is First Internet Bancorp 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-12-12), First Internet Bancorp's 12-1 Month Momentum % is 77.67%.

The industry rank for First Internet Bancorp's 12-1 Month Momentum % or its related term are showing as below:

FRA:45H's 12-1 Month Momentum % is ranked better than
95.96% of 1609 companies
in the Banks industry
Industry Median: 16.13 vs FRA:45H: 77.67

Competitive Comparison of First Internet Bancorp's 12-1 Month Momentum %

For the Banks - Regional subindustry, First Internet Bancorp's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.


First Internet Bancorp's 12-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Internet Bancorp's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where First Internet Bancorp's 12-1 Month Momentum % falls into.



First Internet Bancorp  (FRA:45H) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.


First Internet Bancorp  (FRA:45H) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.


First Internet Bancorp 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of First Internet Bancorp's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


First Internet Bancorp Business Description

Traded in Other Exchanges
Address
8701 E. 116th Street, Fishers, IN, USA, 46038
First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.

First Internet Bancorp Headlines

No Headlines