Sunshine Insurance Group Co (HKSE:06963) Momentum Rank : 0 (As of Jun. 01, 2024)

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What is Sunshine Insurance Group Co Momentum Rank?

Sunshine Insurance Group Co has the Momentum Rank of 0.

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.

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Sunshine Insurance Group Co (HKSE:06963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sunshine Insurance Group Co Ltd (HKSE:06963) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7002, Hongli West Road, 17th Floor, Block A First World Plaza, Futian District, Shenzhen, CHN, 518034

Website

Sunshine Insurance Group Co Ltd is mainly engaged in the insurance business. The company has three operating segments; The life insurance segment offers a wide range of life insurance products mainly by Sunshine Life, The property and casualty insurance segment offers a wide range of property and casualty insurance products mainly by Sunshine P&C and Sunshine Surety, and Other businesses segment mainly provides corporation management and assets management services. It derives a majority of its revenue from the Life insurance segment.

Executives

Hua Tai Zi Jin Tou Zi You Xian Ze Ren Gong Si
Hua Tai Zheng Quan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Rui Lian Qi Hao Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Bei Jing Hong Yu Zi Xun Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Shan Rui Lian Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Nan Jing Hua Tai Rui Lian Bing Gou Ji Jin Yi Hao You Xian He Huo	2201 Interest of corporation controlled by you
Nan Jing Rui Lian Guan Li Zi Xun He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Jiang Su Hua Tai Rui Lian Bing Gou Ji Jin You Xian He Huo	2201 Interest of corporation controlled by you
Jiang Su Tian Cheng Wu Ye Fa Zhan You Xian Ze Ren Gong Si	2101 Beneficial owner
Bei Jing Lin Qi Hao Rui Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Xi Zang Hong Yu Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Shi You Hua Gong Ji Tuan You Xian Gong Si	2101 Beneficial owner
Zhong Guo Cheng Tong Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Dynamic Sunrise Limited
Wong Kwong Miu

Sunshine Insurance Group Co (HKSE:06963) Headlines

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