Honat Bancorp (Honat Bancorp) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is Honat Bancorp Momentum Rank?

Honat Bancorp 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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Honat Bancorp (Honat Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Honat Bancorp Inc (OTCPK:HONT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

724 Main Street, P.O. Box 350, Honesdale, PA, USA, 18431-0350

Website

https://www.hnbbank.bank

Honat Bancorp Inc is a United States-based Bank holding company. It provides full banking services, including trust services. It offers personal banking, business, and financial services. The services include deposit accounts, loan products, digital banking facilities, mortgage facilities, credit cards, and merchant services, among others. Its loan portfolio segments include Commercial & Industrial, Commercial Real Estate, Consumer 2020 Real Estate, and Consumer.

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