Axis Capital Holdings (FRA:AXV) Momentum Rank : 10 (As of Apr. 30, 2024)

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What is Axis Capital Holdings Momentum Rank?

Axis Capital Holdings has the Momentum Rank of 10.

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 Axis Capital Holdings's Momentum Rank

For the Insurance - Specialty subindustry, Axis Capital Holdings'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.

Axis Capital Holdings's Momentum Rank Distribution in the Insurance Industry

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

* The bar in red indicates where Axis Capital Holdings's Momentum Rank falls into.

Axis Capital Holdings Momentum Rank Related Terms

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Axis Capital Holdings (FRA:AXV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Axis Capital Holdings Ltd (FRA:AXV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AXSpE.PFD:USA AXS:USA

Address

92 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.axiscapital.com

Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.

Axis Capital Holdings (FRA:AXV) Headlines

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