AIA Group (HKSE:01299) Momentum Rank : 5 (As of Apr. 26, 2024)

View and export this data going back to 2010. Start your Free Trial

What is AIA Group Momentum Rank?

AIA Group has the Momentum Rank of 5.

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 AIA Group's Momentum Rank

For the Insurance - Life subindustry, AIA Group'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.

AIA Group's Momentum Rank Distribution in the Insurance Industry

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

* The bar in red indicates where AIA Group's Momentum Rank falls into.

AIA Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of AIA Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

AIA Group (HKSE:01299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AIA Group Ltd (HKSE:01299) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AAIGF:USA AAGIY:USA 1299:Mexico 7A2:Germany

Address

No. 1 Connaught Road Central, 35th Floor, AIA Central, Hong Kong, HKG

Website

https://www.aia.com

AIA is one of the largest pan-Asian insurance providers with a wide range of products including retirement savings plans, life insurance, and accident and health insurance. The company is headquartered in Hong Kong. It was previously part of AIG and went for a separate listing in Hong Kong in 2010. The firm also provides employee benefits, credit life, and pension services to corporate clients. AIA is present in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group (HKSE:01299) Headlines

No Headlines