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Al Ahlia Insurance CoOG (MUS:AINS) Momentum Rank : 0 (As of Jun. 13, 2024)


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What is Al Ahlia Insurance CoOG Momentum Rank?

Al Ahlia Insurance CoOG 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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Al Ahlia Insurance CoOG (MUS:AINS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Ahlia Insurance Co SAOG (MUS:AINS) » Definitions » Momentum Rank
Comparable Companies
OISE:VIS XKAZ:KMSO XPAE:MIC XZIM:FIDL.ZW KUW:WETHAQ TSE:7170 XPAE:GUI ISX:MTWI XLJU:SKDR LUX:144724 XPAE:TIC ADX:WATANIA MUS:MCTI ADX:IH DFM:DARTAKAFUL TSE:9679 ADX:METHAQ XPAE:NIC DFM:AMAN ISX:LPGI
Traded in Other Exchanges
N/A
Address
Ominvest Business Center, P.O. Box 1463, Ruwi, Muscat, OMN, 112
Website
https://www.alahliarsa.com
Al Ahlia Insurance Co SAOG is a non-life insurance company in Oman. It mainly writes short-term insurance contracts covering general risks. The company has two reportable segments: Motor and Non-motor.

Al Ahlia Insurance CoOG (MUS:AINS) Headlines

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