Nicolet Bankshares(NIC) Soars 1.87% to 52-Week High on Q4 Growth

Nicolet Bankshares(NIC) shares surged to a record high today, with an intraday gain of 1.87%.

The strategy of buying NIC shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a maximum drawdown and a Sharpe ratio that reflects the risk-adjusted performance.

Maximum Drawdown: The maximum drawdown of -15.98% occurred in 2023, during the peak of the market downturn. This indicates that the strategy faced significant losses during market lows.

Sharpe Ratio: The Sharpe ratio of 1.64 over the past 5 years suggests that the risk-adjusted returns were acceptable, with the Sharpe ratio indicating the number of standard deviations of return per unit of standard deviation of risk.

Total Return: The total return over the 5 years was 14.56%, which is modest given the market's performance over the same period. This indicates that while the strategy provided some gains, it may not have kept pace with the broader market.

Recent Performance: The recent performance of the strategy has been positive, with a 3.58% return over the past month. This suggests that the strategy may be benefiting from a potential market recovery or positive sentiment around NIC.

In conclusion, while the strategy of buying NIC shares after a recent high and holding for 1 week provided some risk-adjusted returns over the past 5 years, it may not have been the most optimal strategy, given the market's performance and the maximum drawdown experienced. The recent positive performance indicates that market conditions may be favoring this strategy again.

Nicolet Bankshares, Inc. (NIC) has recently reached a new 52-week high, with shares trading as high as $121.91. This significant milestone indicates a strong upward trend in the stock's performance, reflecting investor confidence and positive market sentiment.

In addition to the 52-week high, Nicolet Bankshares Inc reported mixed annual results. However, the company demonstrated robust growth in the fourth quarter, which has likely contributed to the recent surge in stock performance. This quarterly growth suggests that the company is on a positive trajectory, despite the mixed annual results.