What is National Western Life Group 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 (2024-04-27), National Western Life Group's 6-1 Month Momentum % is 2.64%.
The industry rank for National Western Life Group's 6-1 Month Momentum % or its related term are showing as below:
NWLI's 6-1 Month Momentum % is ranked worse than 62.54% of 574
companies
in the Insurance industry
Industry Median: 9.125
vs NWLI: 2.64
Competitive Comparison of National Western Life Group's 6-1 Month Momentum %
For the Insurance - Life subindustry, National Western Life Group'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.
National Western Life Group's 6-1 Month Momentum % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, National Western Life Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where National Western Life Group's 6-1 Month Momentum % falls into.
National Western Life Group (NAS:NWLI) 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.
National Western Life Group (NAS:NWLI) 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.
National Western Life Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of National Western Life Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
National Western Life Group (National Western Life Group) Business Description
National Western Life Group Inc is a global insurance company that provides insurance products for the savings, protection, and retirement needs of policyholders. The company's product portfolio includes individual whole life, universal life and term insurance plans, and annuities. The company is organized into four operating business segments based on product types and geographic marketing areas: Domestic life insurance, International life insurance, Annuities, and Acquired businesses. The annuities segment contributes roughly half of the company's revenue, and most of the company's revenue is earned in the United States.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NWLI has been successfully added to your