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Fairfax Financial Holdings (TSX:FFH.PR.J.PFD) Momentum Rank : 0 (As of May. 08, 2024)


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What is Fairfax Financial Holdings Momentum Rank?

Fairfax Financial Holdings 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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Fairfax Financial Holdings (TSX:FFH.PR.J.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fairfax Financial Holdings Ltd (TSX:FFH.PR.J.PFD) » Definitions » Momentum Rank
Comparable Companies
TSX:IFC TSX:DFY PGR CB TSE:8766 TRV ALL HKSE:01339 HKSE:02328 HIG TSE:8725 WRB TSE:8630 MKL ASX:QBE CINF L ASX:SUN CNA WAR:PZU
Traded in Other Exchanges
FXFLF.PFD:USA FRFZF.PFD:USA FRFXF.PFD:USA FRFHF:USA FRFGF.PFD:USA FRFFF.PFD:USA FAXXF.PFD:USA FAXRF.PFD:USA FFX:Germany FFH.U:Canada FFH.PR.M.PFD:Canada FFH.PR.K.PFD:Canada FFH.PR.I.PFD:Canada FFH.PR.H.PFD:Canada FFH.PR.G.PFD:Canada FFH.PR.F.PFD:Canada FFH.PR.E.PFD:Canada FFH.PR.D.PFD:Canada FFH.PR.C.PFD:Canada FFH:Canada
Address
95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7
Website
https://www.fairfax.ca
Fairfax provides reinsurance and property and casualty insurance in Canada, the United States, and other international markets. The company also has some noninsurance operations such as restaurants. Fairfax has been led by Prem Watsa, its chairman and CEO, since its formation in 1985.

Fairfax Financial Holdings (TSX:FFH.PR.J.PFD) Headlines

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