United Fire Group (United Fire Group) Momentum Rank : 2 (As of Apr. 26, 2024)

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What is United Fire Group Momentum Rank?

United Fire Group has the Momentum Rank of 2.

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 United Fire Group's Momentum Rank

For the Insurance - Property & Casualty subindustry, United Fire 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.

United Fire Group's Momentum Rank Distribution in the Insurance Industry

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

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

United Fire Group Momentum Rank Related Terms

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United Fire Group (United Fire Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » United Fire Group Inc (NAS:UFCS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Second Avenue SE, Cedar Rapids, IA, USA, 52401

Website

https://www.ufginsurance.com

United Fire Group Inc is engaged in the business of writing property and casualty insurance and selling annuities through a network of independent agencies. The company's only operating segment is property and casualty insurance, which includes commercial lines insurance, personal lines insurance, and assumed reinsurance. The primary source of revenue is premiums and investment income.

Executives

Robert Francis Cataldo	officer: VP & Strategy Officer	118 SECOND AVENUE SE, CEDAR RAPIDS IA 52401
Micah G Woolstenhulme	officer: VP	118 2ND AVE SE, CEDAR RAPIDS IA 52401
George D Milligan	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Christopher R Drahozal	director	2001 RIVIERA COURT, LAWRENCE KS 66047-1999
Julie A Stephenson	officer: Executive VP & COO	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Eric J Martin	officer: Chief Financial Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52407
Mark A. Green	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Kevin James Leidwinger	director, officer: Director, CEO	151 N. FRANKLIN, CHICAGO IL 60606
Sarah E Madsen	officer: Chief Legal Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Jeremy Bahl	officer: VP & Chief UW Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Kyle D. Skogman	director	411 FIRST AVENUE SE, CEDAR RAPIDS IA 52401
Lura E Mcbride	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Mary K. Quass	director	2875 MT. VERNON RD SE, CEDAR RAPIDS IA 52403
James Noyce	director	5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Matthew R Foran	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401