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Allied Cooperative Insurance Group (SAU:8150) 6-1 Month Momentum % : 34.68% (As of May. 15, 2024)


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What is Allied Cooperative Insurance Group 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-15), Allied Cooperative Insurance Group's 6-1 Month Momentum % is 34.68%.

The industry rank for Allied Cooperative Insurance Group's 6-1 Month Momentum % or its related term are showing as below:

SAU:8150's 6-1 Month Momentum % is ranked better than
89.43% of 577 companies
in the Insurance industry
Industry Median: 6.08 vs SAU:8150: 34.68

Competitive Comparison of Allied Cooperative Insurance Group's 6-1 Month Momentum %

For the Insurance - Diversified subindustry, Allied Cooperative Insurance Group's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Allied Cooperative Insurance Group's 6-1 Month Momentum % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Allied Cooperative Insurance Group's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Allied Cooperative Insurance Group's 6-1 Month Momentum % falls into.



Allied Cooperative Insurance Group  (SAU:8150) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Allied Cooperative Insurance Group  (SAU:8150) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Allied Cooperative Insurance Group 6-1 Month Momentum % Related Terms

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Allied Cooperative Insurance Group (SAU:8150) Business Description

Traded in Other Exchanges
N/A
Address
Prince Turki bin Abdulaziz Al-Awal Road, P.O. Box 40523, Unit No. 2171, Hittin District, Riyadh, SAU, 11511
Allied Cooperative Insurance Group is a Saudi Arabia based insurance company. The activities of the Company are to transact cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The operating segment of the company are Medical Insurance, Motor Insurance and General Accident Insurance segments. Medical segment provides compensation to policy holders for expenses incurred in treatment of a disease, illness or injury. Motor provides coverage against losses and liability related to motor vehicles. Other includes property, marine, aviation, accident and liability categories. It earns a vast majority of revenues from the motor insurance segment.

Allied Cooperative Insurance Group (SAU:8150) Headlines

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