Northeast Interest Coverage from 2010 to 2026
| NBN Stock | USD 117.08 3.44 2.85% |
Interest Coverage | First Reported 2010-12-31 | Previous Quarter 0.82 | Current Value 0.94 | Quarterly Volatility 3.23854653 |
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 166.8 M, Other Operating Expenses of 272.1 M or Operating Income of 151.8 M, as well as many indicators such as Price To Sales Ratio of 1.07, Dividend Yield of 5.0E-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 | Interest Coverage | Build AI portfolio with Northeast Stock |
Evaluating Northeast Bancorp's Interest Coverage across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Northeast Bancorp's fundamental strength.
Latest Northeast Bancorp's Interest Coverage Growth Pattern
Below is the plot of the Interest Coverage of Northeast Bancorp over the last few years. It is Northeast Bancorp's Interest Coverage 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.
| Interest Coverage | 10 Years Trend |
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Interest Coverage |
| Timeline |
Northeast Interest Coverage Regression Statistics
| Arithmetic Mean | 2.21 | |
| Geometric Mean | 1.24 | |
| Coefficient Of Variation | 146.67 | |
| Mean Deviation | 1.97 | |
| Median | 1.01 | |
| Standard Deviation | 3.24 | |
| Sample Variance | 10.49 | |
| Range | 11.8504 | |
| R-Value | 0.21 | |
| Mean Square Error | 10.71 | |
| R-Squared | 0.04 | |
| Significance | 0.42 | |
| Slope | 0.13 | |
| Total Sum of Squares | 167.81 |
Northeast Interest Coverage History
About Northeast Bancorp Financial Statements
Northeast Bancorp investors utilize fundamental indicators, such as Interest Coverage, 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 | ||
| Interest Coverage | 0.82 | 0.94 |
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
| 0.97 | BNPH | BNP PARIBAS ADR | PairCorr |
| 0.79 | BIRG | Bank of Ireland | PairCorr |
| 0.75 | AON0 | AOZORA BANK LTD | PairCorr |
| 0.97 | AX | Axos Financial | PairCorr |
| 0.93 | BY | Byline Bancorp | PairCorr |
Moving against Northeast Stock
| 0.78 | 3YB | Postal Savings Bank | PairCorr |
| 0.52 | ICBA | ICICI Bank Limited | PairCorr |
| 0.42 | C3B | Chongqing Rural Comm | PairCorr |
| 0.39 | D7C | China CITIC Bank | 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 CEOs Directory module to screen CEOs from public companies around the world.
Will Regional Banks sector continue expanding? Could Northeast diversify its offerings? Factors like these will boost the valuation of Northeast Bancorp. Anticipated expansion of Northeast directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Northeast Bancorp data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.1) | Dividend Share 0.04 | Earnings Share 10.37 | Revenue Per Share | Quarterly Revenue Growth (0.03) |
Northeast Bancorp's market price often diverges from its book value, the accounting figure shown on Northeast's balance sheet. Smart investors calculate Northeast Bancorp's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Northeast Bancorp's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Northeast Bancorp's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Northeast Bancorp should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. 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.