National Reinsurance of the Philippines (PHS:NRCP) Momentum Rank : 3 (As of Dec. 11, 2024)

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What is National Reinsurance of the Philippines Momentum Rank?

National Reinsurance of the Philippines has the Momentum Rank of 3.

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 National Reinsurance of the Philippines's Momentum Rank

For the Insurance - Reinsurance subindustry, National Reinsurance of the Philippines'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.

National Reinsurance of the Philippines's Momentum Rank Distribution in the Insurance Industry

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

* The bar in red indicates where National Reinsurance of the Philippines's Momentum Rank falls into.

National Reinsurance of the Philippines Momentum Rank Related Terms

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National Reinsurance of the Philippines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National Reinsurance Corp of the Philippines (PHS:NRCP) » Definitions » Momentum Rank

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Traded in Other Exchanges

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Address

6811 Ayala Avenue, 31st Floor, BPI-Philam Life Makati, Makati, PHL, 1227

Website

https://www.nat-re.com

National Reinsurance Corp of the Philippines engages in the provision of reinsurance products and services. It operates through the following businesses: life and non-life. The Life Business includes proportional insurance for individual, ordinary, and group businesses, as well as non-proportional insurance for catastrophe, an excess of loss, and stop loss. Non-Life Business provides insurance on fire, aviation, marine and aviation, and casualty, and others.

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