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Mid Penn Bancorp (Mid Penn Bancorp) Momentum Rank : 4 (As of May. 01, 2024)


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What is Mid Penn Bancorp Momentum Rank?

Mid Penn Bancorp has the Momentum Rank of 4.

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 Mid Penn Bancorp's Momentum Rank

For the Banks - Regional subindustry, Mid Penn Bancorp'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.


Mid Penn Bancorp's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Mid Penn Bancorp's Momentum Rank falls into.



Mid Penn Bancorp Momentum Rank Related Terms

Thank you for viewing the detailed overview of Mid Penn Bancorp's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Mid Penn Bancorp (Mid Penn Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
2407 Park Drive, Harrisburg, PA, USA, 17110
Mid Penn Bancorp Inc operates in the financial services domain. It conducts commercial banking and trust business in the United States. Its range of services comprises mortgage and home equity loans, secured and unsecured consists and consumer loans, lines of credit, construction financing, farm loans, community development, and local government loans, and various types of time and demand deposits.
Executives
Hudson Brian Arden Sr. director 2407 PARK DRIVE, HARRISBURG PA 17110
Theodore W Mowery director 2407 PARK DRIVE, HARRISBURG PA 17110
Robert C Grubic director 2407 PARK DRIVE, HARRISBURG PA 17110
De Soto Matthew G director 2407 PARK DRIVE, HARRISBURG PA 17110
Albert J. Evans director 2407 PARK DRIVE, HARRISBURG PA 17110
Robert A Abel director 2407 PARK DRIVE, HARRISBURG PA 17110
Kimberly J Brumbaugh director 349 UNION STREET, MILLERSBURG PA 17061
Joel L. Frank director 2407 PARK DRIVE, HARRISBURG PA 17110
Bruce A Kiefer director 2407 PARK DRIVE, HARRISBURG PA 17110
John E Noone director 2407 PARK DRIVE, HARRISBURG PA 17110
Frank Jr Gumina director 98 FAIRWAY BLVD, MONROE TOWNSHIP NJ 08831
Maureen M. Gathagan director 2407 PARK DRIVE, HARRISBURG PA 17110
Rory G Ritrievi director, officer: President & CEO 2407 PARK DRIVE, HARRISBURG PA 17110
Quandel Noble C Jr director 2407 PARK DRIVE, HARRISBURG PA 17110
Gregory M Kerwin director 2407 PARK DRIVE, HARRISBURG PA 17110