GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Mutual Holdings Ltd (XZIM:FMHL.ZW) » Definitions » Momentum Rank

First Mutual Holdings (XZIM:FMHL.ZW) Momentum Rank : 0 (As of Jun. 02, 2024)


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

What is First Mutual Holdings Momentum Rank?

First Mutual 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.

First Mutual Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of First Mutual Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

First Mutual Holdings (XZIM:FMHL.ZW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Mutual Holdings Ltd (XZIM:FMHL.ZW) » Definitions » Momentum Rank
Comparable Companies
XZIM:SEED.ZW XZIM:AFDS.ZW XZIM:BAT.ZW XZIM:DZL.ZW XZIM:MEIK.ZW XZIM:GBH.ZW XZIM:UNIF.ZW XZIM:OKZ.ZW XZIM:SACL.ZW BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO XSWX:SLHN
Traded in Other Exchanges
N/A
Address
First Mutual Park, 100 Borrowdale Road, Borrowdale, P.O. Box BW 178, Second Floor, Harare, ZWE
Website
https://www.firstmutual.co.zw
First Mutual Holdings Ltd is a Zimbabwe-based investment and financial service company. Its segments are life and pensions insurance, health insurance, short-term insurance, reinsurance, property and casualty insurance, property management and development, and wealth management.

First Mutual Holdings (XZIM:FMHL.ZW) Headlines

No Headlines