Al Ahleia Insurance Co (KUW:AINS) Momentum Rank : 0 (As of Jun. 09, 2024)

View and export this data going back to 1984. Start your Free Trial

What is Al Ahleia Insurance Co Momentum Rank?

Al Ahleia 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.

Al Ahleia Insurance Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Al Ahleia Insurance Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Ahleia Insurance Co (KUW:AINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Ahleia Insurance Co (KUW:AINS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ahmad Al-Jaber Street, Building 21, Block No. 2, P.O.Box 1602, Al Ahleia Insurance Company Tower, Al-Sharq, Safat, Kuwait, KWT, 13017

Website

http://www.alahleia.com

Al Ahleia Insurance Co is engaged in the provision of insurance and reinsurance products and services. The operating business segments are General risk insurance, Life and Medical insurance and Reinsurance. The general risk insurance segment consists of marine and aviation, general accident and fire. Life and medical insurance segment consist of life insurance and medical insurance. Marine and aviation offer marine cargo and marine hull insurance. The fire and accident provide compensation, money, fidelity guarantee, third-party liability, professional indemnity, and product liability insurance, among others.

Al Ahleia Insurance Co (KUW:AINS) Headlines

No Headlines