Inter RAO UES PJSC (MIC:IRAO) Momentum Rank : 0 (As of May. 31, 2024)

View and export this data going back to 2009. Start your Free Trial

What is Inter RAO UES PJSC Momentum Rank?

Inter RAO UES 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.

Inter RAO UES PJSC Momentum Rank Related Terms

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

Inter RAO UES PJSC (MIC:IRAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Inter RAO UES PJSC (MIC:IRAO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bolshaya Pirogovskaya Street, Building 27-2, Moscow, RUS, 119435

Website

http://www.interrao.ru

Inter RAO UES PJSC is a Russian energy holding company of which the Russian Federation owns a majority interest. The principal activity of the company is the ownership of interests in subsidiaries operating in the energy industry throughout Russia and much of Eastern Europe. Through its subsidiaries, Inter RAO UES is involved in the production, supply, distribution, sale, import, and export of electricity and thermal energy. The company segments itself into Supply, Electric Power Generation in the Russian Federation, Thermal Power Generation in the Russian Federation, Trading, Foreign Assets, and Engineering business units. The Supply division encompasses most of the company's income.

Inter RAO UES PJSC (MIC:IRAO) Headlines

No Headlines