What is Universal Insurance Holdings 12-1 Month Momentum %?
12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-25), Universal Insurance Holdings's 12-1 Month Momentum % is 1.91%.
The industry rank for Universal Insurance Holdings's 12-1 Month Momentum % or its related term are showing as below:
UVE's 12-1 Month Momentum % is ranked worse than 65.55% of 569
companies
in the Insurance industry
Industry Median: 10.97
vs UVE: 1.91
Competitive Comparison of Universal Insurance Holdings's 12-1 Month Momentum %
For the Insurance - Property & Casualty subindustry, Universal Insurance Holdings's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.
Universal Insurance Holdings's 12-1 Month Momentum % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Universal Insurance Holdings's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Universal Insurance Holdings's 12-1 Month Momentum % falls into.
* 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.
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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.
Universal Insurance Holdings 12-1 Month Momentum % Related Terms
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Universal Insurance Holdings (Universal Insurance Holdings) Business Description
Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company all aspects of insurance underwriting, policy issuance, general administration and claims processing and settlement internally through our vertically integrated operations. It generates revenues primarily from the collection of premiums. It operates within Florida and across the United States.
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