First Bancorp of Indiana (First Bancorp of Indiana) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is First Bancorp of Indiana Momentum Rank?

First Bancorp of Indiana 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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First Bancorp of Indiana (First Bancorp of Indiana) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bancorp of Indiana Inc (OTCPK:FBPI) » Definitions » Momentum Rank

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Address

5001 Davis Lant Drive, Evansville, IN, USA, 47715

Website

https://www.firstfedevansville.com

First Bancorp of Indiana Inc is a banking company. It provides full banking services and generates commercial, mortgage, and consumer loans, and receives deposits from customers. The company accepts various deposit products, including checking, money market, savings, health savings, and individual retirement accounts (IRA); certificates of deposit; and commercial checking, community first checking, and small business checking accounts.

First Bancorp of Indiana (First Bancorp of Indiana) Momentum Rank : 0 (As of Jun. 20, 2024)

What is First Bancorp of Indiana Momentum Rank?

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First Bancorp of Indiana (First Bancorp of Indiana) Business Description

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