Samsung Life Insurance Co (XKRX:032830) Momentum Rank : 3 (As of May. 09, 2024)

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What is Samsung Life Insurance Co Momentum Rank?

Samsung Life Insurance Co has the Momentum Rank of 3.

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 Samsung Life Insurance Co's Momentum Rank

For the Insurance - Life subindustry, Samsung Life Insurance Co'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.

Samsung Life Insurance Co's Momentum Rank Distribution in the Insurance Industry

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

* The bar in red indicates where Samsung Life Insurance Co's Momentum Rank falls into.

Samsung Life Insurance Co Momentum Rank Related Terms

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Samsung Life Insurance Co (XKRX:032830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Samsung Life Insurance Co Ltd (XKRX:032830) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Samsung Life Insurance Building, Jung-gu, SEOUL, KOR, 100-716

Website

http://www.samsunglife.com

Samsung Life is Korea's largest insurer. It has a market share of life-insurance premiums of 22%, compared with 12% each for its two biggest rivals. It owns 72% of listed Samsung Card and 30% of equity-method affiliate Samsung Securities. It also owns close to 15% of sister company Samsung Fire & Marine Insurance, Korea's largest nonlife insurer, and owns 8.5% of Samsung Electronics, a stake that is worth well in excess of its own market cap. It in turn is 49% owned by related shareholders: 10.4% by Jay Lee, 6.9% and 1.7%, respectively, by Jay Lee's sisters Boo-Jin and Seo-Hyun, 19.3% by Samsung C&T (the presumptive parent of the Samsung group), 5.9% by E-mart (a retailer whose largest shareholders are Jay Lee's aunt and cousin), and 4.7% by the Samsung Foundation of Culture.

Samsung Life Insurance Co (XKRX:032830) Headlines

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