12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-29), Alerus Financial's 12-1 Month Momentum % is 49.89%.
The industry rank for Alerus Financial's 12-1 Month Momentum % or its related term are showing as below:
ALRS's 12-1 Month Momentum % is ranked better than 86.55% of 1554
companies
in the Banks industry
Industry Median: 10.13
vs ALRS: 49.89
Competitive Comparison of Alerus Financial's 12-1 Month Momentum %
For the Banks - Regional subindustry, Alerus Financial'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.
Alerus Financial's 12-1 Month Momentum % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Alerus Financial's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Alerus Financial's 12-1 Month Momentum % falls into.
* 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.
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.
Alerus Financial 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Alerus Financial's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alerus Financial (Alerus Financial) Business Description
Alerus Financial Corp is a financial holding company registered in the United States. The company operates in four segments: Banking, Retirement & Benefit Services, Wealth Management, and Mortgage. It provides various banking services such as checking, debit cards, savings, current deposits, loans and advances, online banking, mobile banking, private banking, payment solutions, and other business products. Additionally, the company provides mortgage loans, retirement planning solutions, individual retirement accounts, retirement plan advisory services as well as wealth management services, including financial & estate planning, trust, and fiduciary services. The company's revenue mainly consists of interest income, commission, management fees, and other income.
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