Wiz Co Participacoes e Corretagem de Seguros (BSP:WIZC3) Momentum Rank : 8 (As of May. 16, 2024)

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What is Wiz Co Participacoes e Corretagem de Seguros Momentum Rank?

Wiz Co Participacoes e Corretagem de Seguros has the Momentum Rank of 8.

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.

Competitive Comparison of Wiz Co Participacoes e Corretagem de Seguros's Momentum Rank

For the Insurance Brokers subindustry, Wiz Co Participacoes e Corretagem de Seguros's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

Wiz Co Participacoes e Corretagem de Seguros's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Wiz Co Participacoes e Corretagem de Seguros's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Wiz Co Participacoes e Corretagem de Seguros's Momentum Rank falls into.

Wiz Co Participacoes e Corretagem de Seguros Momentum Rank Related Terms

Thank you for viewing the detailed overview of Wiz Co Participacoes e Corretagem de Seguros's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Wiz Co Participacoes e Corretagem de Seguros (BSP:WIZC3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Wiz Co Participacoes e Corretagem de Seguros SA (BSP:WIZC3) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Setor Comercial Norte, Quadra 02, Liberty Mall, Tower B, 13th Floor, Room 1301, Brasilia, DF, BRA, 70712-904

Website

https://www.wiz.co

Wiz Co Participacoes e Corretagem de Seguros SA is Brazilian insurance brokerage company. It is engaged in developing and implementing business optimization solutions, combining financial and insurance services to meet customer's needs. The company acts as a broker between insurer and bank and it is involved in the sale of individual and corporate insurance products, pension plans, capitalization plans, and consortiums, in the distribution channels. Its insurance products includes life insurance policies, mortgage insurance, credit insurance, auto insurance, residential property insurance, Business Multi-Risk Insurance and other products.

Wiz Co Participacoes e Corretagem de Seguros (BSP:WIZC3) Headlines

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