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Pozavarovalnicava DD (XLJU:POSR) Momentum Rank : 0 (As of Apr. 26, 2024)


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What is Pozavarovalnicava DD Momentum Rank?

Pozavarovalnicava DD 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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Pozavarovalnicava DD (XLJU:POSR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Pozavarovalnica Sava DD (XLJU:POSR) » Definitions » Momentum Rank
Comparable Companies
XLJU:DATG XLJU:IEKG XLJU:ZVTG XLJU:UKIG XLJU:CICG XLJU:NLBR XLJU:TLSG XLJU:PETG XLJU:TCRG XTER:MUV2 XSWX:SREN XTER:HNR1 EG RNR RGA XPAR:SCR BOM:540755 HKSE:01508 XPAR:COFA SPNT
Traded in Other Exchanges
N/A
Address
Dunajska cesta 56, P.O.B. 318, Ljubljana, SVN, 1000
Website
https://www.sava-re.si
Pozavarovalnica Sava DD is a Slovenia based company engaged in the reinsurance business. It provides reinsurance services such as capacity, capital relief, catastrophe support, and creativity. The group operates through the business segments of the reinsurance business, non-life insurance business, life insurance business, pensions and asset management, and other segment. The company carries out its operations in Slovenia and internationally.

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