Allianzudi Fransi Cooperative Insurance Co (SAU:8040) Momentum Rank : 0 (As of May. 23, 2024)

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What is Allianzudi Fransi Cooperative Insurance Co Momentum Rank?

Allianzudi Fransi Cooperative Insurance Co 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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Allianzudi Fransi Cooperative Insurance Co (SAU:8040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Allianz Saudi Fransi Cooperative Insurance Co (SAU:8040) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khurais Road, P.O. Box 3540, Al Safwa Commercial Building, Riyadh, SAU, 11481

Website

https://www.allianzsf.com

Allianz Saudi Fransi Cooperative Insurance Company is a company that provides comprehensive insurance solutions to individuals and corporate customers. It provides insurance in the areas of aviation, marines, health, motor fleet, engineering, and property and casualty. It has five reportable business segments: Motor insurance provides coverage against loss or damage to the motor vehicles caused by accident, fire, or theft, Health care (medical) products provide medical cover to policyholders; the Protection and saving segment includes a variety of savings products designed to meet the needs of individuals as well as corporate institutions, Shareholders' segment - reporting shareholder operations of the Company and Property and casualty.

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