Great Eastern Holdings (Great Eastern Holdings) Momentum Rank : 9 (As of Apr. 28, 2024)

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What is Great Eastern Holdings Momentum Rank?

Great Eastern Holdings 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 Great Eastern Holdings's Momentum Rank

For the Insurance - Life subindustry, Great Eastern 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.

Great Eastern Holdings's Momentum Rank Distribution in the Insurance Industry

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

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

Great Eastern Holdings Momentum Rank Related Terms

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Great Eastern Holdings (Great Eastern Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Great Eastern Holdings Ltd (OTCPK:GEHDF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

G07:Singapore

Address

1 Pickering Street, No. 16-01, Great Eastern Centre, Singapore, SGP, 048659

Website

https://www.greateasternlife.com

Great Eastern Holdings Ltd sells insurance products and provides investment management services. The company's products and services are organized into three categories: Life Insurance, Non-life Insurance, and shareholders. The life assurance products include life insurance, long-term health and accident insurance, and annuities. The non-life insurance products include property and casualty, and medical and personal accident. The shareholder's category offers multiple financial services, which include fund management and financial advisory. Majority of the revenue comes from Singapore.

Great Eastern Holdings (Great Eastern Holdings) Headlines

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