Manila Water Co (Manila Water Co) Momentum Rank : 6 (As of May. 25, 2024)

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What is Manila Water Co Momentum Rank?

Manila Water Co has the Momentum Rank of 6.

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 Manila Water Co's Momentum Rank

For the Utilities - Regulated Water subindustry, Manila Water 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.

Manila Water Co's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Water Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Manila Water Co's Momentum Rank falls into.

Manila Water Co Momentum Rank Related Terms

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Manila Water Co (Manila Water Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Water Co Inc (OTCPK:MWTCY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MWTCF:USA MWC:Philippines

Address

489 Katipunan Road, 2nd Floor, MWSS Administration Building, Balara, Quezon, PHL, 1105

Website

https://www.manilawater.com

Manila Water Co Inc is a water and wastewater management company. Its operations can be divided among Metro Manila East Zone and Manila Water Philippine Ventures, which operate across municipalities in the Philippines, and Manila Water Asia Pacific, which operates in Vietnam, Myanmar, and Indonesia. The segments of the company consist of Manila Concession and Head Office, Domestic Subsidiaries, and Foreign Subsidiaries. The Manila Concession and Head Office generate maximum revenue for the company.

Manila Water Co (Manila Water Co) Headlines

From GuruFocus

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