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Northeast Bank (FRA:73K) 12-1 Month Momentum % : 94.90% (As of Dec. 14, 2024)


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What is Northeast Bank 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 (2024-12-14), Northeast Bank's 12-1 Month Momentum % is 94.90%.

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

FRA:73K's 12-1 Month Momentum % is ranked better than
96.28% of 1611 companies
in the Banks industry
Industry Median: 14.35 vs FRA:73K: 94.90

Competitive Comparison of Northeast Bank's 12-1 Month Momentum %

For the Banks - Regional subindustry, Northeast Bank'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.


Northeast Bank's 12-1 Month Momentum % Distribution in the Banks Industry

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

* The bar in red indicates where Northeast Bank's 12-1 Month Momentum % falls into.



Northeast Bank  (FRA:73K) 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.


Northeast Bank  (FRA:73K) 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.


Northeast Bank 12-1 Month Momentum % Related Terms

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Northeast Bank Business Description

Traded in Other Exchanges
Address
27 Pearl Street, Portland, ME, USA, 04101
Northeast Bank provides banking and financial services to individual and corporate customers in the US. The firm conducts its loan-related activities through two primary channels: the Community Banking Division, and the Small Business Administration (SBA) National Division. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, consumer loans, and small business administration loans. The firm also provides telephone banking, online banking, mobile banking, and remote deposit capture services. The revenue of the company is derived primarily from interest and dividends from the bank.

Northeast Bank Headlines

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