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Lancashire Holdings (LSE:LRE) Momentum Rank : 7 (As of May. 05, 2024)


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What is Lancashire Holdings Momentum Rank?

Lancashire Holdings has the Momentum Rank of 7.

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 Lancashire Holdings's Momentum Rank

For the Insurance - Specialty subindustry, Lancashire Holdings'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.

Lancashire Holdings's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Lancashire Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lancashire Holdings's Momentum Rank falls into.


Lancashire Holdings Momentum Rank Related Terms

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Lancashire Holdings (LSE:LRE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Lancashire Holdings Ltd (LSE:LRE) » Definitions » Momentum Rank
Comparable Companies
LSE:JUST LSE:RQIH LSE:BEZ FNF SAU:8210 AIZ ASX:MPL RYAN ESNT FAF MTG AXS ACT RDN AGO NMIH ASX:NHF JSE:SNT CAS:WAA OSL:PROT
Traded in Other Exchanges
LCSHF:USA LREl:UK
Address
7 Par-la-Ville Road, Power House, Hamilton, BMU, HM 11
Website
https://www.lancashiregroup.com
Lancashire Holdings Ltd is a specialty insurer and reinsurer. More than two-thirds of the premiums it receives are for insurance and reinsurance contracts that cover the United States and Canada or offshore areas throughout the world. Property insurance and reinsurance premiums provide the largest portion of the company's revenue. The company also provides insurance in the energy, marine, and aviation segments. More than a third of the company's premiums come through the company's Cathedral platform, which consists of two syndicates within Lloyd's market.