HFBK (Harford Bank) Momentum Rank : 8 (As of Jan. 18, 2025)

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What is Harford Bank Momentum Rank?

Harford Bank has the Momentum Rank of 8.

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.

Competitive Comparison of Harford Bank's Momentum Rank

For the Banks - Regional subindustry, Harford Bank's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

Harford Bank's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Harford Bank's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Harford Bank's Momentum Rank falls into.

Harford Bank Momentum Rank Related Terms

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Harford Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Harford Bank (OTCPK:HFBK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 West Bel Air Avenue, Aberdeen, MD, USA, 21001

Website

https://www.harfordbank.com

Harford Bank is a banking services company. The company provides a full range of banking services to customers located in Harford and Cecil Counties and surrounding areas of northeastern Maryland. The company conducts general commercial banking in its primary service areas, emphasizing the banking needs of individuals and small to medium-sized businesses and professional concerns. The primary source of income for the Bank is the net interest income it earns. The bank has only one operating segment, which is commercial banking.

Harford Bank Headlines

From GuruFocus

Harford Bank Announces Change In Location And Format Of 2020 Annual Meeting To Be Held On May 20, 2020

By PRNewswire PRNewswire • 05-12-2020