Northeast Income Quality from 2010 to 2024
| NBN Stock | USD 101.40 3.67 3.76% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 0.04398001 | Current Value 0.0418 | Quarterly Volatility 1.4298976 |
Check Northeast Bancorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Northeast Bancorp's main balance sheet or income statement drivers, such as Interest Expense of 114.8 M, Other Operating Expenses of 158.8 M or Operating Income of 93.8 M, as well as many indicators such as Price To Sales Ratio of 1.57, Dividend Yield of 6.0E-4 or PTB Ratio of 0.78. Northeast financial statements analysis is a perfect complement when working with Northeast Bancorp Valuation or Volatility modules.
Northeast | Income Quality |
Latest Northeast Bancorp's Income Quality Growth Pattern
Below is the plot of the Income Quality of Northeast Bancorp over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Northeast Bancorp's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Northeast Bancorp's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
Northeast Income Quality Regression Statistics
| Arithmetic Mean | 0.32 | |
| Coefficient Of Variation | 440.35 | |
| Mean Deviation | 0.97 | |
| Median | 0.67 | |
| Standard Deviation | 1.43 | |
| Sample Variance | 2.04 | |
| Range | 5.9752 | |
| R-Value | 0.32 | |
| Mean Square Error | 1.98 | |
| R-Squared | 0.1 | |
| Significance | 0.25 | |
| Slope | 0.10 | |
| Total Sum of Squares | 28.62 |
Northeast Income Quality History
About Northeast Bancorp Financial Statements
Northeast Bancorp investors utilize fundamental indicators, such as Income Quality, to predict how Northeast Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | 0.04 | 0.04 |
Pair Trading with Northeast Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northeast Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northeast Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Northeast Stock
| 0.79 | AX | Axos Financial | PairCorr |
| 0.77 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.84 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Northeast Stock
| 0.53 | WF | Woori Financial Group | PairCorr |
| 0.53 | TFC-PO | Truist Financial | PairCorr |
| 0.45 | TFC-PR | Truist Financial | PairCorr |
| 0.4 | CFG-PE | Citizens Financial | PairCorr |
The ability to find closely correlated positions to Northeast Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northeast Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northeast Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northeast Bancorp to buy it.
The correlation of Northeast Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northeast Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northeast Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northeast Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Northeast Bancorp Correlation against competitors. To learn how to invest in Northeast Stock, please use our How to Invest in Northeast Bancorp guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northeast Bancorp. If investors know Northeast will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northeast Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.05 | Dividend Share 0.04 | Earnings Share 7.57 | Revenue Per Share 20.544 | Quarterly Revenue Growth 0.132 |
The market value of Northeast Bancorp is measured differently than its book value, which is the value of Northeast that is recorded on the company's balance sheet. Investors also form their own opinion of Northeast Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Northeast Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northeast Bancorp's market value can be influenced by many factors that don't directly affect Northeast Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northeast Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northeast Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northeast Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.