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Assurant Momentum Rank

: 6 (As of Today)
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Assurant has the Momentum Rank of 6.

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

For the Insurance - Specialty subindustry, Assurant'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.

   
Assurant Momentum Rank Distribution

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

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


Assurant Momentum Rank Related Terms

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

Assurant Business Description

Assurant logo
Industry
Financial Services » Insurance NAICS : 524298 SIC : 6411
Comparable Companies
NYSE:FNF NYSE:FAF NYSE:ESNT NYSE:RYAN NYSE:MTG NYSE:AGO NAS:ACT NYSE:RDN NAS:TRUP NAS:NMIH SAU:8210 ASX:NHF JSE:SNT CAS:WAA NYSE:EIG LSE:LRE TSX:TSU NAS:AMSF LSE:JUST NAS:JRVR
Traded in Other Exchanges
AIZ:USA ZAS:Germany A1SU34:Brazil
Address
55 Broadway, Suite 2901, New York, NY, USA, 10006
Website
https://www.assurant.com
Assurant Inc offers a range of property-casualty, health, employee benefit, and warranty insurance to a client base made up of individuals and institutions. Its segments are Global Housing, Global Lifestyle, Corporate and Other. Global Housing segment, the key revenue-generating segment, provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance; renters insurance and related products; and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products. Global Lifestyle provides mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances; vehicle protection; and credit protection and other insurance products.
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