Saga (FRA:65J) Momentum Rank : 5 (As of Dec. 13, 2024)

View and export this data going back to 2014. Start your Free Trial

What is Saga Momentum Rank?

Saga has the Momentum Rank of 5.

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 Saga's Momentum Rank

For the Insurance - Diversified subindustry, Saga'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.

Saga's Momentum Rank Distribution in the Insurance Industry

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

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

Saga Momentum Rank Related Terms

Thank you for viewing the detailed overview of Saga's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Saga Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Saga PLC (FRA:65J) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SAGAl:UK SAGA:UK

Address

3 Pancras Square, London, GBR, N1C 4AG

Website

https://www.saga.co.uk

Saga PLC is a diversified insurance company that also offers lifestyle products and services. The company operates in two main segments: Insurance, Cruise and travel. The company generates the vast majority of its revenue from the insurance segment, specifically through premiums and broking revenues. This segment offers retail motor broking, retail home broking, and underwriting products and services. The travel segment provides group tours, holiday packages, and cruises. Saga's customers are people aged 50 and older, and all revenue comes from the United Kingdom.

Saga Headlines

No Headlines