Chesnara (CHIX:CSNL) Momentum Rank : 7 (As of May. 15, 2024)

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What is Chesnara Momentum Rank?

Chesnara has the Momentum Rank of 7.

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.

Competitive Comparison of Chesnara's Momentum Rank

For the Insurance - Life subindustry, Chesnara's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

Chesnara's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Chesnara's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chesnara's Momentum Rank falls into.

Chesnara Momentum Rank Related Terms

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Chesnara (CHIX:CSNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Chesnara PLC (CHIX:CSNl) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CSN.GB:UK CSN:UK 6DE:Germany

Address

West Strand Road, 2nd Floor, Building 4, West Strand Business Park, Preston, Lancashire, GBR, PR1 8UY

Website

https://www.chesnara.co.uk

Chesnara PLC acts as a Life Assurance and pension consolidator in the United Kingdom. Its reportable segments include UK, Movestic, Waard Group, Scildon, and Other group activities. It derives maximum revenue from the Scildon segment. The group investment markets include Australia, the UK, Hong Kong, Japan, and the USA. It provides unit-linked and non-linked contracts, which include death and morbidity benefits on whole life, endowment and term assurance basis as well as immediate annuity plans written from vesting pensions through its subsidiary.

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