Gjensidige Forsikring ASA (OSL:GJF) Momentum Rank : 9 (As of May. 02, 2024)

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What is Gjensidige Forsikring ASA Momentum Rank?

Gjensidige Forsikring ASA has the Momentum Rank of 9.

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 Gjensidige Forsikring ASA's Momentum Rank

For the Insurance - Property & Casualty subindustry, Gjensidige Forsikring ASA'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.

Gjensidige Forsikring ASA's Momentum Rank Distribution in the Insurance Industry

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

* The bar in red indicates where Gjensidige Forsikring ASA's Momentum Rank falls into.

Gjensidige Forsikring ASA Momentum Rank Related Terms

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Gjensidige Forsikring ASA (OSL:GJF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gjensidige Forsikring ASA (OSL:GJF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GJNSY:USA GJFo:Sweden 0OJC:UK XGJ:Germany

Address

Schweigaardsgate 21, Oslo, NOR, 0191

Website

https://www.gjensidige.no

Gjensidige Forsikring ASA is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA (OSL:GJF) Headlines

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