Ageas/ NV (FRA:FO4N) Momentum Rank : 10 (As of May. 25, 2024)

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What is Ageas/ NV Momentum Rank?

Ageas/ NV 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 Ageas/ NV's Momentum Rank

For the Insurance - Diversified subindustry, Ageas/ NV'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.

Ageas/ NV's Momentum Rank Distribution in the Insurance Industry

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

* The bar in red indicates where Ageas/ NV's Momentum Rank falls into.

Ageas/ NV Momentum Rank Related Terms

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Ageas/ NV (FRA:FO4N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ageas SA/ NV (FRA:FO4N) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AGESY:USA AGS:Mexico AGS:Italy AGSb:UK 0Q99:UK AGS:Belgium AGS:Austria

Address

Rue du Marquis 1/Markiesstraat 1, Box 7, Brussels, BEL, 1000

Website

https://www.ageas.com

Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis' capital began to decline, the company initiated a rights issue and the long-held promised dividend was suspended. As Fortis' share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government, and BNP Paribas and was asked to spin off its insurance and asset management divisions.

Ageas/ NV (FRA:FO4N) Headlines

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