TAURON Polska Energia (WAR:TPE) Momentum Rank : 10 (As of Jun. 13, 2024)

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What is TAURON Polska Energia Momentum Rank?

TAURON Polska Energia has the Momentum Rank of 10.

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 TAURON Polska Energia's Momentum Rank

For the Utilities - Renewable subindustry, TAURON Polska Energia'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.

TAURON Polska Energia's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TAURON Polska Energia's Momentum Rank distribution charts can be found below:

* The bar in red indicates where TAURON Polska Energia's Momentum Rank falls into.

TAURON Polska Energia Momentum Rank Related Terms

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TAURON Polska Energia (WAR:TPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » TAURON Polska Energia SA (WAR:TPE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0N2X:UK 1T5:Germany

Address

ul. ks. Piotra Sciegiennego 3, Katowice, POL, 40-114

Website

https://www.tauron.pl

TAURON Polska Energia SA is a Polish joint stock company that operates and has ownership stakes in the energy industry in Eastern and Northern Europe. TAURON Polska Energia is, cumulatively, involved in the production, distribution, and sale of energy and fuel inputs. The company segments its operations into Mining, Generation, Distribution, and Sales. In its Generation division, TAURON Polska Energia operates a portfolio of biomass, coal, gas, and hydro power plants mainly in Poland. Most of its total energy production comes from its conventional, thermal facilities. The company generates the majority of its revenue from the sale of electricity and heat out of its Sales unit. Distribution service revenue and sales made by the Generation division are also significant.

TAURON Polska Energia (WAR:TPE) Headlines

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