6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-28), Arthur J. Gallagher's 6-1 Month Momentum % is 7.11%.
The industry rank for Arthur J. Gallagher's 6-1 Month Momentum % or its related term are showing as below:
AJG's 6-1 Month Momentum % is ranked worse than 54.18% of 574
companies
in the Insurance industry
Industry Median: 9.125
vs AJG: 7.11
Competitive Comparison of Arthur J. Gallagher's 6-1 Month Momentum %
For the Insurance Brokers subindustry, Arthur J. Gallagher'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.
Arthur J. Gallagher's 6-1 Month Momentum % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Arthur J. Gallagher's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Arthur J. Gallagher's 6-1 Month Momentum % falls into.
Arthur J. Gallagher (NYSE:AJG) 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.
Arthur J. Gallagher (NYSE:AJG) 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.
Arthur J. Gallagher 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Arthur J. Gallagher's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Arthur J. Gallagher (Arthur J. Gallagher) Business Description
Arthur J. Gallagher & Co provides insurance brokerage and consulting services to middle-market entities around the world. The majority of the company's revenue comes from its brokerage segment, where it negotiates and places its customers with insurance companies that provide, among other types, property/casualty and health insurance. The company's primary source of revenue in the brokerage segment is commissioning from the insurance companies. The company also generates significant revenue in its corporate segment, which includes clean energy investment and other investment income. The company generates most of its revenue in the United States, with the remaining revenue coming primarily from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.
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