Helios Fairfax Partners (TSX:HFPC.U) Momentum Rank : 8 (As of Apr. 26, 2024)

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What is Helios Fairfax Partners Momentum Rank?

Helios Fairfax Partners has the Momentum Rank of 8.

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 Helios Fairfax Partners's Momentum Rank

For the Asset Management subindustry, Helios Fairfax Partners'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.

Helios Fairfax Partners's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Helios Fairfax Partners's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Helios Fairfax Partners's Momentum Rank falls into.

Helios Fairfax Partners Momentum Rank Related Terms

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Helios Fairfax Partners (TSX:HFPC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Helios Fairfax Partners Corp (TSX:HFPC.U) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FFXXF:USA 3UD:Germany

Address

95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7

Website

https://www.heliosinvestment.com

Helios Fairfax Partners Corp is an investment holding company whose investment objective is to achieve long-term capital appreciation while preserving capital, by investing in public and private equity securities and debt instruments in Africa and African businesses. It is also engaged in property and casualty insurance and reinsurance business.

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