Clal Insurance Enterprises Holdings (XTAE:CLIS) 12-1 Month Momentum %

: 35.37% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-23), Clal Insurance Enterprises Holdings's 12-1 Month Momentum % is 35.37%.

The industry rank for Clal Insurance Enterprises Holdings's 12-1 Month Momentum % or its related term are showing as below:

XTAE:CLIS's 12-1 Month Momentum % is ranked better than
74.69% of 569 companies
in the Insurance industry
Industry Median: 11.56 vs XTAE:CLIS: 35.37

Competitive Comparison

For the Insurance - Diversified subindustry, Clal Insurance Enterprises Holdings's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.

Clal Insurance Enterprises Holdings 12-1 Month Momentum % Distribution

For the Insurance industry and Financial Services sector, Clal Insurance Enterprises Holdings's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Clal Insurance Enterprises Holdings's 12-1 Month Momentum % falls into.

Clal Insurance Enterprises Holdings (XTAE:CLIS) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

Clal Insurance Enterprises Holdings (XTAE:CLIS) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

Clal Insurance Enterprises Holdings 12-1 Month Momentum % Related Terms

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Clal Insurance Enterprises Holdings (XTAE:CLIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Clal Insurance Enterprises Holdings Ltd (XTAE:CLIS) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 Raul Wallenberg Road, Kiryat Atidim, Tower 8, Tel Aviv, ISR, 6136902

Website

https://www.clalbit.co.il

Clal Insurance Enterprises Holdings Ltd is an insurance company, part of IDB Group, a conglomerate from Israel. Its lines of business are: Nonlife insurance, Health insurance, Pensions, and provident funds for private and corporate clients. Clal insurance divisions are: nonlife insurance, long-term savings, and health. The nonlife insurance division offers automotive, property, personal accidents, guarantees, liability, and marine insurance, among others. The life insurance and long-term savings division manages long-term assets, such as life insurance, pensions, and funds. The health insurance division consists of health insurance products, such as local and overseas surgeries, transplants, medications, critical illness, long-term care, and accidents. The company's main market is Israel.