Solidarity Bahrain BSC (BAH:SOLID) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is Solidarity Bahrain BSC Momentum Rank?

Solidarity Bahrain BSC has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Solidarity Bahrain BSC (BAH:SOLID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Solidarity Bahrain BSC (BAH:SOLID) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road 2825, Block 428, PO Box 5282, Flat 71, Building 2080, 7th Floor, Seef Tower, Manama, BHR

Website

https://www.solidarity.com.bh

Solidarity Bahrain BSC is engaged in providing insurance services in Bahrain. The company provides home protection plans, motor insurance, personal accident, medical insurance, travel insurance, yacht and pleasure boat insurance, and other products. It operates in the following business segments: i) Non-motor which includes fire, marine, general accident, liability, Aviation, and engineering lines of business, ii) Motor, iii) Medical iv) Group Life which includes group life and credit life business, and v) Family Takaful which includes long-term decreasing term and level term business.

Solidarity Bahrain BSC (BAH:SOLID) Headlines

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