Transmissora Alianca de Energia Eletrica (BSP:TAEE4) Momentum Rank : 5 (As of Apr. 28, 2024)

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What is Transmissora Alianca de Energia Eletrica Momentum Rank?

Transmissora Alianca de Energia Eletrica has the Momentum Rank of 5.

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 Transmissora Alianca de Energia Eletrica's Momentum Rank

For the Utilities - Regulated Electric subindustry, Transmissora Alianca de Energia Eletrica'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.

Transmissora Alianca de Energia Eletrica's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Transmissora Alianca de Energia Eletrica's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Transmissora Alianca de Energia Eletrica's Momentum Rank falls into.

Transmissora Alianca de Energia Eletrica Momentum Rank Related Terms

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Transmissora Alianca de Energia Eletrica (BSP:TAEE4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Transmissora Alianca de Energia Eletrica SA (BSP:TAEE4) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TAEE3:Brazil TAEE11:Brazil

Address

Praca XV de Novembro, 20, Salas 601, e 602, 6th Floor, Centro, Rio de Janeiro, RJ, BRA, 20010-010

Website

https://www.taesa.com.br

Transmissora Alianca de Energia Eletrica SA, or Taesa, is an electric utility company that acts as one of the largest electric transmission concessionaires in Brazil. Taesa implements, operates, and maintains electric power transmission services and facilities both for Brazil's National Interconnected System and for the electricity transmission sectors of other countries as well. The company generates most of its revenue in the form of compensation for its investments in the construction of transmission lines and for the operation and maintenance service that it provides all over Brazil. Taesa's controlling shareholders include a large, state-owned Brazilian power company, CEMIG.

Transmissora Alianca de Energia Eletrica (BSP:TAEE4) Headlines

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