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3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-07-30), Cia Energetica DE Minas Gerais - Cemig's 3-1 Month Momentum % is -15.23%.
MEX:CIGN's 3-1 Month Momentum % is ranked worse than 55.89% of 535
companies
in the Utilities - Regulated industry
Industry Median: -3.01
vs MEX:CIGN: -15.23
Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) 3-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 3-1 Month Momentum % measures the total return to a stock over the past three months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Cia Energetica DE Minas Gerais - Cemig 3-1 Month Momentum % Related Terms
MEX:CIGN vs NEE, SO, DUK: 3-1 Month Momentum % Comparison
For the Utilities - Regulated Electric subindustry, Cia Energetica DE Minas Gerais - Cemig's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 Month Momentum % 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.
Cia Energetica DE Minas Gerais - Cemig 3-1 Month Momentum % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's 3-1 Month Momentum % falls into.
Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) 3-1 Month Momentum % Calculation
3-1 Month Momentum % is calculated as following:
3-1 Month Momentum %
=
( Price 1-month ago
/
Price 3-month ago
- 1 )
*
100 %
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) has a 3-1 Month Momentum % of -15.23% as of Jul. 30, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors. According to the industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #299 out of 535 companies in the Utilities - Regulated industry, placing it in the top 55.9%.
Is Cia Energetica DE Minas Gerais - Cemig's 3-1 Month Momentum % too high?
Cia Energetica DE Minas Gerais - Cemig's current 3-1 Month Momentum % is -15.23%. Based on the distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #299 out of 535 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's 3-1 Month Momentum % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #299 out of 535 companies for 3-1 Month Momentum %. This places Cia Energetica DE Minas Gerais - Cemig in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for an Utilities - Regulated company?
A good 3-1 Month Momentum % depends on the Utilities - Regulated industry context. However, 3-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors. Cia Energetica DE Minas Gerais - Cemig's current 3-1 Month Momentum % is -15.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cia Energetica DE Minas Gerais - Cemig stock overvalued right now?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN8,476.90, compared to a current price of MXN38.00 — trading 99.6% below its estimated fair value. The current 3-1 Month Momentum % is -15.23%. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 57/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN), the current 3-1 Month Momentum % is -15.23% as of Jul. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) Overvalued in 2026?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be undervalued.
The current stock price of MXN38.00 is trading 99.6% below its estimated GF Value™ of MXN8,476.90.
GuruFocus considers Cia Energetica DE Minas Gerais - Cemig to be Significantly Undervalued.
Key valuation signals for MEX:CIGN:
3-1 Month Momentum %: -15.23%
GF Value™: MXN8,476.90 vs. price of MXN38.00 (99.6% below fair value)
No single metric tells the full story. See the MEX:CIGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cia Energetica DE Minas Gerais - Cemig Business Description
Cia Energetica DE Minas Gerais - Cemig is a Brazilian energy company engaged in the generation, transmission, distribution, and commercialization of electricity, as well as natural gas distribution. The company operates through six segments: Generation, Transmission, Trading, Distribution, Gas, and Investees. Its activities include power generation mainly from hydroelectric sources, operation and maintenance of transmission and distribution infrastructure, electricity sales to captive and free-market customers, and gas distribution in Minas Gerais. The company derives a majority of its revenue from the Distribution segment, which comprises the distribution and sale of electricity to captive customers, and the operation and maintenance of infrastructure and related services.
57GF Score
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