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American Bank (American Bank) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is American Bank Momentum Rank?

American Bank 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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American Bank (American Bank) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » American Bank Inc (OTCPK:AMBK) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
4029 West Tilghman Street, Allentown, PA, USA, 18104
Website
https://www.ambk.com
American Bank Inc is a United States-based holding company for American Bank. The bank offers deposit and loan products for consumer, business, institutional and governmental customers, including interest-bearing checking, money market accounts, and retirement accounts. It generates revenue from interest and dividend income on loans and investments.
Executives
John C Long director 2400 BERNVILLE ROAD, READING PA 19612

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