China Pacific Insurance (Group) Co (HKSE:02601) Momentum Rank : 9 (As of Dec. 13, 2024)

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What is China Pacific Insurance (Group) Co Momentum Rank?

China Pacific Insurance (Group) Co has the Momentum Rank of 9.

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 China Pacific Insurance (Group) Co's Momentum Rank

For the Insurance - Life subindustry, China Pacific Insurance (Group) Co'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.

China Pacific Insurance (Group) Co's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China Pacific Insurance (Group) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Pacific Insurance (Group) Co's Momentum Rank falls into.

China Pacific Insurance (Group) Co Momentum Rank Related Terms

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China Pacific Insurance (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Pacific Insurance (Group) Co Ltd (HKSE:02601) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CPIC:UK 75C:Germany 75C:Germany 601601:China

Address

1 South Zhongshan Road, Huangpu, Shanghai, CHN, 200010

Website

https://www.cpic.com.cn

China Pacific Insurance was established in 1988, with headquarter in Beijing. The company is one of the largest providers of life and general insurance products and services. It is China's third-largest life insurer and third-largest general property and casualty insurer. The company strives for an integrated financial services platform that consists of insurance, banking, and asset management.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Schroders Plc	2102 Investment manager
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Schroders Plc	2102 Investment manager
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Shang Hai Guo Ji Ji Tuan You Xian Gong Si	2101 Beneficial owner

China Pacific Insurance (Group) Co Headlines

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