Grupo de Inversiones Suramericana (Grupo de Inversiones Suramericana) Momentum Rank : 7 (As of Jun. 06, 2024)

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What is Grupo de Inversiones Suramericana Momentum Rank?

Grupo de Inversiones Suramericana has the Momentum Rank of 7.

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 Grupo de Inversiones Suramericana's Momentum Rank

For the Insurance - Diversified subindustry, Grupo de Inversiones Suramericana'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.

Grupo de Inversiones Suramericana's Momentum Rank Distribution in the Insurance Industry

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

* The bar in red indicates where Grupo de Inversiones Suramericana's Momentum Rank falls into.

Grupo de Inversiones Suramericana Momentum Rank Related Terms

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Grupo de Inversiones Suramericana (Grupo de Inversiones Suramericana) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Grupo de Inversiones Suramericana SA (OTCPK:GIVSY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PFGRUPSURA:Columbia GRUPOSURA:Columbia

Address

Carrera 43A, Number 5A - 113, Ed. One Plaza, North Tower, El Poblado, Medellin, COL, 05001000

Website

https://www.gruposura.com

Grupo de Inversiones Suramericana SA is a Latin American investment holding company with holdings in Colombian entities. Grupo Sura also holds stakes in companies throughout the Americas, including Chile, Mexico, Peru, Colombia, and Uruguay. The group's investment portfolio is mostly concentrated in the financial, pension, insurance, social security, and complimentary services industries. The company also holds smaller stakes in processed food, cement, and energy companies. Grupo Sura targets companies that emphasize innovation and offer complementary services across its portfolio holdings.

Grupo de Inversiones Suramericana (Grupo de Inversiones Suramericana) Headlines

From GuruFocus

Unveiling the Dividend Profile of Grupo de Inversiones Suramericana SA

By GuruFocus Research • 09-22-2023