Saga (LSE:SAGA) 6-1 Month Momentum % : -6.21% (As of May. 14, 2024)

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What is Saga 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-14), Saga's 6-1 Month Momentum % is -6.21%.

The industry rank for Saga's 6-1 Month Momentum % or its related term are showing as below:

LSE:SAGA's 6-1 Month Momentum % is ranked worse than
80.63% of 573 companies
in the Insurance industry
Industry Median: 6.9 vs LSE:SAGA: -6.21

Competitive Comparison of Saga's 6-1 Month Momentum %

For the Insurance - Diversified subindustry, Saga's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.

Saga's 6-1 Month Momentum % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Saga's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Saga's 6-1 Month Momentum % falls into.

Saga (LSE:SAGA) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Saga (LSE:SAGA) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Saga 6-1 Month Momentum % Related Terms

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Saga (LSE:SAGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Saga PLC (LSE:SAGA) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

SAGAl:UK 65J:Germany

Address

3 Pancras Square, London, GBR, N1C 4AG

Website

https://www.saga.co.uk

Saga PLC is a diversified insurance company that also offers lifestyle products and services. The company operates in two main segments: insurance, Cruise and travel. The company generates the vast majority of its revenue from the insurance segment, specifically through premiums and credit income. This segment offers retail motor broking, retail home broking, and underwriting products and services. The travel segment provides group tours, holiday packages, and cruises. Saga's customers are people aged 50 and older, and all revenue comes from the United Kingdom and also from Cruise and travel segment.