Munchener Ruckversicherungs-Gesellschaft AG (Munchener Ruckversicherungs-Gesellschaft AG) 9-Day RSI

: 64.03 (As of Today)

View and export this data going back to 2009. Start your Free Trial

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-04-24), Munchener Ruckversicherungs-Gesellschaft AG's 9-Day RSI is 64.03.

The industry rank for Munchener Ruckversicherungs-Gesellschaft AG's 9-Day RSI or its related term are showing as below:

MURGF's 9-Day RSI is ranked worse than
77.55% of 579 companies
in the Insurance industry
Industry Median: 49.3 vs MURGF: 64.03

Competitive Comparison

For the Insurance - Reinsurance subindustry, Munchener Ruckversicherungs-Gesellschaft AG's 9-Day RSI, along with its competitors' market caps and 9-Day RSI 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.

Munchener Ruckversicherungs-Gesellschaft AG 9-Day RSI Distribution

For the Insurance industry and Financial Services sector, Munchener Ruckversicherungs-Gesellschaft AG's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Munchener Ruckversicherungs-Gesellschaft AG's 9-Day RSI falls into.

Munchener Ruckversicherungs-Gesellschaft AG (OTCPK:MURGF) 9-Day RSI Calculation

The formula for calculating RSI is:

RSI

100

–

[ 100

( 1 + Average Gain

Average Loss )]

* Note that the formula uses a positive value for the average loss.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Munchener Ruckversicherungs-Gesellschaft AG (OTCPK:MURGF) 9-Day RSI Explanation

The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.

Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.

RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

Munchener Ruckversicherungs-Gesellschaft AG 9-Day RSI Related Terms

Thank you for viewing the detailed overview of Munchener Ruckversicherungs-Gesellschaft AG's 9-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.

Munchener Ruckversicherungs-Gesellschaft AG (Munchener Ruckversicherungs-Gesellschaft AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Munchener Ruckversicherungs-Gesellschaft AG (OTCPK:MURGF) » Definitions » 9-Day RSI

Comparable Companies

Traded in Other Exchanges

MURGY:USA MUV2:Italy MUV2d:UK 0KFE:UK MUV2:Germany MUVB:Germany MUV2:Germany MUV2:Germany MUVB:Germany MUV2:Germany

Address

Koniginstrasse 107, Munich, BY, DEU, 80802

Website

https://www.munichre.com

Munich Re was founded in 1880 by Carl Thieme amid a flurry of other reinsurance companies set up independent of primaries. In those early days, most reinsurers typically focussed on a few customers with strong reputations. Thieme focussed on a broader set of cedents in order to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich introduced the first machinery insurance. After Thieme and Fink founded Allianz, this was the main channel to sell insurance on machinery. We think the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection and insurance services, remains at the heart of the firm.

Executives

Michael Kerner

Board of Directors