Conifer Holdings (STU:9KK) Momentum Rank : 2 (As of Jun. 05, 2024)

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What is Conifer Holdings Momentum Rank?

Conifer Holdings has the Momentum Rank of 2.

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 Conifer Holdings's Momentum Rank

For the Insurance - Property & Casualty subindustry, Conifer 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.

Conifer Holdings's Momentum Rank Distribution in the Insurance Industry

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

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

Conifer Holdings Momentum Rank Related Terms

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Conifer Holdings (STU:9KK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conifer Holdings Inc (STU:9KK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CNFR:USA

Address

550 West Merrill Street, Suite 200, Birmingham, MI, USA, 48009

Website

https://www.cnfrh.com

Conifer Holdings Inc is an insurance company engaged in the sale of property and casualty insurance products. It is engaged in three classes of insurance businesses; commercial lines, personal lines, and wholesale agency business. Within these three businesses, the company offers various insurance products and insurance agency services. The company views the commercial and personal lines segments as underwriting business. The wholesale agency business provides non-risk bearing revenue through commissions and policy fees. Its revenues are derived from premiums earned from insurance operations.

Conifer Holdings (STU:9KK) Headlines

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