Juniata Valley Financial Corp.
US ˙ OTCPK

Introduction

This page provides a comprehensive analysis of the known insider trading history of Timothy I Havice. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Timothy I Havice has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:JUVF / Juniata Valley Financial Corp. Director 63,440
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Timothy I Havice. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases JUVF / Juniata Valley Financial Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in JUVF / Juniata Valley Financial Corp.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2023-06-23 JUVF HAVICE TIMOTHY I 629 15.0000 629 15.0000 9,435 0 15 0 0.00
2023-06-23 JUVF HAVICE TIMOTHY I 100 15.0000 100 15.0000 1,500
2023-06-21 JUVF HAVICE TIMOTHY I 1,948 15.1500 1,948 15.1500 29,512
2023-06-20 JUVF HAVICE TIMOTHY I 275 15.1500 275 15.1500 4,166
2023-06-16 JUVF HAVICE TIMOTHY I 2,000 15.1500 2,000 15.1500 30,300
2023-05-30 JUVF HAVICE TIMOTHY I 500 15.1500 500 15.1500 7,575
2023-05-23 JUVF HAVICE TIMOTHY I 200 15.0000 200 15.0000 3,000
2023-05-12 JUVF HAVICE TIMOTHY I 60 15.0000 60 15.0000 900
2023-05-08 JUVF HAVICE TIMOTHY I 200 15.0000 200 15.0000 3,000
2023-05-05 JUVF HAVICE TIMOTHY I 817 15.0000 817 15.0000 12,255
2023-05-04 JUVF HAVICE TIMOTHY I 577 15.0000 577 15.0000 8,655
2023-05-03 JUVF HAVICE TIMOTHY I 978 15.0000 978 15.0000 14,670
2023-05-02 JUVF HAVICE TIMOTHY I 552 15.0000 552 15.0000 8,280
2023-05-01 JUVF HAVICE TIMOTHY I 2,080 15.0000 2,080 15.0000 31,200
2023-04-28 JUVF HAVICE TIMOTHY I 920 15.0000 920 15.0000 13,800
2023-03-23 JUVF HAVICE TIMOTHY I 1,100 15.5000 1,100 15.5000 17,050
2023-03-17 JUVF HAVICE TIMOTHY I 150 15.5000 150 15.5000 2,325
2023-03-16 JUVF HAVICE TIMOTHY I 2,600 15.5000 2,600 15.5000 40,300
2023-03-13 JUVF HAVICE TIMOTHY I 1,700 15.5000 1,700 15.5000 26,350
2023-03-10 JUVF HAVICE TIMOTHY I 100 15.5000 100 15.5000 1,550
2023-02-21 JUVF HAVICE TIMOTHY I 162 0.0000 162 0.0000 0
2023-02-21 JUVF HAVICE TIMOTHY I 179 16.2500 179 16.2500 2,909
2023-02-21 JUVF HAVICE TIMOTHY I 179 16.2500 179 16.2500 2,909
2023-02-01 JUVF HAVICE TIMOTHY I 4,563 15.4800 4,563 15.4800 70,635
2022-12-15 JUVF HAVICE TIMOTHY I 1,399 15.5000 1,399 15.5000 21,684
2022-12-07 JUVF HAVICE TIMOTHY I 282 15.2500 282 15.2500 4,300
2022-11-30 JUVF HAVICE TIMOTHY I 750 16.2000 750 16.2000 12,150
2022-11-16 JUVF HAVICE TIMOTHY I 276 15.2500 276 15.2500 4,209
2022-11-01 JUVF HAVICE TIMOTHY I 500 15.2500 500 15.2500 7,625
2022-10-31 JUVF HAVICE TIMOTHY I 85 15.2500 85 15.2500 1,296
2022-09-20 JUVF HAVICE TIMOTHY I 1,550 15.2500 1,550 15.2500 23,638
2022-09-16 JUVF HAVICE TIMOTHY I 661 15.2500 661 15.2500 10,080
2022-09-15 JUVF HAVICE TIMOTHY I 1,280 15.2500 1,280 15.2500 19,520
2022-09-14 JUVF HAVICE TIMOTHY I 200 15.2500 200 15.2500 3,050
2022-09-13 JUVF HAVICE TIMOTHY I 100 15.2500 100 15.2500 1,525
2022-08-30 JUVF HAVICE TIMOTHY I 384 15.0000 384 15.0000 5,760
2022-08-29 JUVF HAVICE TIMOTHY I 2,982 15.0000 2,982 15.0000 44,730
2022-08-23 JUVF HAVICE TIMOTHY I 995 15.0000 995 15.0000 14,925
2022-08-04 JUVF HAVICE TIMOTHY I 2,000 15.0000 2,000 15.0000 30,000
2022-08-03 JUVF HAVICE TIMOTHY I 701 15.0000 701 15.0000 10,515
2022-08-02 JUVF HAVICE TIMOTHY I 609 15.0000 609 15.0000 9,135
2022-07-29 JUVF HAVICE TIMOTHY I 200 15.0000 200 15.0000 3,000
2022-07-26 JUVF HAVICE TIMOTHY I 100 15.0000 100 15.0000 1,500
2022-03-01 JUVF HAVICE TIMOTHY I 177 16.9500 177 16.9500 3,000
2022-03-01 JUVF HAVICE TIMOTHY I 171 16.9500 171 16.9500 2,898
2022-02-15 JUVF HAVICE TIMOTHY I 157 0.0000 157 0.0000 0
2022-02-04 JUVF HAVICE TIMOTHY I 1,496 16.3000 1,496 16.3000 24,385
2020-06-22 JUVF HAVICE TIMOTHY I 1,000 16.5500 1,000 16.5500 16,550
2020-02-05 JUVF HAVICE TIMOTHY I 100 19.5100 100 19.5100 1,951
2015-12-01 JUVF HAVICE TIMOTHY I 168 17.9000 168 17.9000 3,007

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

JUVF / Juniata Valley Financial Corp. Insider Trades
Insider Sales JUVF / Juniata Valley Financial Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in JUVF / Juniata Valley Financial Corp.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2013-08-08 JUVF HAVICE TIMOTHY I 8,012 18.0000 8,012 18.0000 144,216 730

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

JUVF / Juniata Valley Financial Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Timothy I Havice as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2023-06-26 2023-06-23 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 100 63,440 0.16 15.00 1,500 951,600
2023-06-23 2023-06-23 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 629 63,340 1.00 15.00 9,435 950,100
2023-06-22 2023-06-21 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 1,948 62,711 3.21 15.15 29,512 950,072
2023-06-20 2023-06-16 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 2,000 60,488 3.42 15.15 30,300 916,393
2023-06-20 2023-06-20 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 275 60,763 0.45 15.15 4,166 920,559
2023-05-31 2023-05-30 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 500 58,488 0.86 15.15 7,575 886,093
2023-05-24 2023-05-23 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 200 57,988 0.35 15.00 3,000 869,820
2023-05-15 2023-05-12 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 60 57,788 0.10 15.00 900 866,820
2023-05-09 2023-05-08 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 200 57,728 0.35 15.00 3,000 865,920
2023-05-08 2023-05-05 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 817 57,528 1.44 15.00 12,255 862,920
2023-05-05 2023-05-04 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 577 56,711 1.03 15.00 8,655 850,665
2023-05-05 2023-05-03 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 978 56,134 1.77 15.00 14,670 842,010
2023-05-04 2023-05-02 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 552 55,156 1.01 15.00 8,280 827,340
2023-05-01 2023-05-01 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 2,080 54,604 3.96 15.00 31,200 819,060
2023-05-01 2023-04-28 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 920 52,524 1.78 15.00 13,800 787,860
2023-03-24 2023-03-23 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 1,100 51,604 2.18 15.50 17,050 799,862
2023-03-20 2023-03-17 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 150 50,504 0.30 15.50 2,325 782,812
2023-03-17 2023-03-16 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 2,600 49,996 5.49 15.50 40,300 774,938
2023-03-17 2023-02-21 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 179 50,354 0.36 16.25 2,909 818,252
2023-03-17 2023-02-21 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 179 50,354 0.36 16.25 2,909 818,252
2023-03-14 2023-03-13 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 1,700 47,396 3.72 15.50 26,350 734,638
2023-03-13 2023-03-10 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 100 45,696 0.22 15.50 1,550 708,288
2023-02-22 2023-02-21 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 162 45,596 0.36
2023-02-03 2023-02-01 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 4,563 45,434 11.16 15.48 70,635 703,318
2022-12-19 2022-12-15 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 1,399 40,871 3.54 15.50 21,684 633,500
2022-12-08 2022-12-07 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 282 39,472 0.72 15.25 4,300 601,948
2022-12-01 2022-11-30 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 750 39,190 1.95 16.20 12,150 634,878
2022-11-17 2022-11-16 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 276 38,440 0.72 15.25 4,209 586,210
2022-11-02 2022-11-01 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 500 38,164 1.33 15.25 7,625 582,001
2022-11-02 2022-10-31 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 85 37,664 0.23 15.25 1,296 574,376
2022-09-22 2022-09-20 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 1,550 37,579 4.30 15.25 23,638 573,080
2022-09-19 2022-09-16 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 661 36,029 1.87 15.25 10,080 549,442
2022-09-19 2022-09-15 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 1,280 35,368 3.75 15.25 19,520 539,362
2022-09-15 2022-09-14 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 200 34,088 0.59 15.25 3,050 519,842
2022-09-15 2022-09-13 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 100 33,888 0.30 15.25 1,525 516,792
2022-08-31 2022-08-30 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 384 33,788 1.15 15.00 5,760 506,820
2022-08-30 2022-08-29 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 2,982 33,404 9.80 15.00 44,730 501,060
2022-08-24 2022-08-23 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 995 30,422 3.38 15.00 14,925 456,330
2022-08-08 2022-08-04 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 2,000 29,427 7.29 15.00 30,000 441,405
2022-08-08 2022-08-03 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 701 27,427 2.62 15.00 10,515 411,405
2022-08-03 2022-08-02 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 609 26,726 2.33 15.00 9,135 400,890
2022-08-02 2022-07-29 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 200 26,117 0.77 15.00 3,000 391,755
2022-07-28 2022-07-26 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 100 25,917 0.39 15.00 1,500 388,755
2022-03-11 2022-03-01 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 171 25,817 0.67 16.95 2,898 437,598
2022-03-11 2022-03-01 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 177 25,469 0.70 16.95 3,000 431,700
2022-02-17 2022-02-15 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 157 25,121 0.63
2022-02-07 2022-02-04 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 1,496 24,964 6.37 16.30 24,385 406,913
2021-02-19 2021-02-16 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		A - Award 113 23,468 0.48
2020-06-22 2020-06-22 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 1,000 23,355 4.47 16.55 16,550 386,525
2020-02-24 2020-02-19 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		A - Award 122 22,355 0.55
2020-02-05 2020-02-05 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 100 20,796 0.48 19.51 1,951 405,730
2016-03-24 2015-12-01 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		P - Purchase 168 817 25.89 17.90 3,007 14,624
2013-08-08 2013-08-08 4 JUVF JUNIATA VALLEY FINANCIAL CORP
Common Stock 		S - Sale -8,012 19,934 -28.67 18.00 -144,216 358,812
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)