Aviva (AVVCL.PFD) Momentum Rank : 9 (As of Apr. 25, 2024)

View and export this data going back to 1994. Start your Free Trial

What is Aviva Momentum Rank?

Aviva has the Momentum Rank of 9.

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 Aviva's Momentum Rank

For the Insurance - Diversified subindustry, Aviva'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.

Aviva's Momentum Rank Distribution in the Insurance Industry

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

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

Aviva Momentum Rank Related Terms

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

Aviva (AVVCL.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aviva PLC (NYSE:AVVCL.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AIVAF:USA AVVIY:USA AVl:UK AV.B.PFD:UK AV.A.PFD:UK AV.:UK GU81:Germany GU80:Germany GU81:Germany

Address

St Helen's, 1 Undershaft, London, GBR, EC3P 3DQ

Website

https://www.aviva.com

Aviva is a multiline insurer that is listed on the London Stock Exchange. The company traces its roots back to the 17th century with the establishment of Hand-in-Hand. After the Great Fire of London, this mutual was formed to provide protection against fires. Hand-in-Hand was then acquired by Commercial Union in 1905. Over the years, Hand-in-Hand insured London landmarks such as London Bridge, the British Museum, and the Palace in Lambeth. The life insurance part of Aviva began in the early part of the 18th century with the establishment of Amicable, again a mutual society but this time to protect widows and children against the loss of life.