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Vatryggingafelag Islands hf (OISE:VIS) Momentum Rank : 0 (As of Jun. 05, 2024)


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What is Vatryggingafelag Islands hf Momentum Rank?

Vatryggingafelag Islands hf 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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Vatryggingafelag Islands hf (OISE:VIS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Vatryggingafelag Islands hf (OISE:VIS) » Definitions » Momentum Rank
Comparable Companies
OISE:MAREL OISE:NOVA OISE:SIMINN OISE:FESTI OISE:HAGA OISE:SVN OISE:SJOVA OISE:REITIR OISE:BRIM OISE:KVIKA BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO
Traded in Other Exchanges
N/A
Address
Ármúla 3, Reykjavik, ISL, 108
Website
https://www.vis.is
Vatryggingafelag Islands hf is an insurance company based in Iceland. The company's operating segments include Casuality insurance, Life insurance, and Financial activities. It generates a majority of its revenue from the Casuality insurance segment.