6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-26), Alleghany's 6-1 Month Momentum % is 1.00%.
The industry rank for Alleghany's 6-1 Month Momentum % or its related term are showing as below:
Y's 6-1 Month Momentum % is not ranked
in the Insurance industry.
Industry Median: 8.44
vs Y: 1.00
Competitive Comparison of Alleghany's 6-1 Month Momentum %
For the Insurance - Property & Casualty subindustry, Alleghany'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.
Alleghany's 6-1 Month Momentum % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Alleghany's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Alleghany's 6-1 Month Momentum % falls into.
* 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.
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.
Alleghany 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Alleghany's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alleghany Corp is a property and casualty insurance company that owns and manages subsidiaries that operate reinsurance and insurance operations. The company also executes certain private capital investments. The company classifies its business into three reportable segments: reinsurance, insurance, and Alleghany Capital. These segments' underwriting activities are evaluated separately from investment and corporate activities. Reinsurance contracts are generally classified as a treaty or facultative contracts. Treaty reinsurance provides for the automatic reinsuring of all or a portion of a specified class of risk underwritten by the ceding company. Facultative reinsurance is geared toward individual risks.
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