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SuryaJyoti Life Insurance Co (XNEP:SJLIC) Momentum Rank : 0 (As of Jan. 19, 2025)


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What is SuryaJyoti Life Insurance Co Momentum Rank?

SuryaJyoti Life Insurance Co 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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SuryaJyoti Life Insurance Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SuryaJyoti Life Insurance Co Ltd (XNEP:SJLIC) » Definitions » Momentum Rank
Comparable Companies
XNEP:NLG XNEP:SICL XNEP:ALICL XNEP:SALICO XNEP:NLICL XNEP:NIL XNEP:NICL XNEP:UAIL XNEP:LICN XNEP:NLIC XTER:MUV2 XSWX:SREN XTER:HNR1 EG RGA RNR BOM:540755 HKSE:01508 XPAR:SCR SPNT
Traded in Other Exchanges
N/A
Address
Shanta Plaza, Gyaneshwor, Kathmandu, NPL
Website
https://www.suryajyotilife.com
SuryaJyoti Life Insurance Co Ltd is a insurance company. It provides insurance and reinsurance services. The company's operating segment includes Endowment; Anticipated Endowment; Endowment Cum Whole Life; Whole Life; Foreign Employment Term; Other Term; Special Term and others. It generates maximum revenue from the Endowment segment.

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