GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Federal Grid Company Rosseti PJSC (MIC:FEES) » Definitions » Momentum Rank

Federal Grid Company Rosseti PJSC (MIC:FEES) Momentum Rank : 0 (As of May. 24, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Federal Grid Company Rosseti PJSC Momentum Rank?

Federal Grid Company Rosseti PJSC 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.

Federal Grid Company Rosseti PJSC Momentum Rank Related Terms

Thank you for viewing the detailed overview of Federal Grid Company Rosseti PJSC's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Federal Grid Company Rosseti PJSC (MIC:FEES) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Federal Grid Company Rosseti PJSC (MIC:FEES) » Definitions » Momentum Rank
Comparable Companies
MIC:KUBE MIC:LSNG MIC:DVEC MIC:MRKS MIC:MSRS MIC:MRKK MIC:VRSB MIC:RTSB MIC:KCHE MIC:TGKA NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED
Traded in Other Exchanges
N/A
Address
5A, Akademika Chelomeya Street, Moscow, RUS, 117630
Website
https://www.fsk-ees.ru
Federal Grid Company Rosseti PJSC is a Russian electric utility company of which the Russian Federation is the majority shareholder through its subsidiary, PJSC "Russian Grids." The company's principal activity is the transmission of electricity via the Russian Unified National Electric Grid. Federal Grid Company does this through its operation of numerous substations, transformers, and electricity transmission lines all throughout Russia. The vast majority of the company's revenue is derived from the provision of electricity transmission services to a variety of customers, such as industrial firms and other Russian utilities companies. This income stream is dependent upon changes in tariffs set by the Russian government and electricity demand.

Federal Grid Company Rosseti PJSC (MIC:FEES) Headlines

No Headlines