Sagicor Group Jamaica (XJAM:SJ) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is Sagicor Group Jamaica Momentum Rank?

Sagicor Group Jamaica has the Momentum Rank of 0.

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.

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Sagicor Group Jamaica (XJAM:SJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sagicor Group Jamaica Ltd (XJAM:SJ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 - 48 Barbados Avenue, R. Danny Williams Building, Kingston, JAM, 5

Website

https://www.sagicor.com

Sagicor Group Jamaica Ltd is a financial services company. The company's business segment includes Individual Lines, Employee Benefits, Commercial Banking, Investment Banking, and others. It generates revenue largely from the Individual Lines segment. The Individual Insurance segment provides individual clients with life and health insurance policies, individual annuities, investment products, living benefits, and other insurance-related solutions through various products. Geographically, it derives a majority of its revenue from Jamaica.