Hydro One (TSX:H) 6-1 Month Momentum % : 10.33% (As of Dec. 14, 2024)

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What is Hydro One 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-12-14), Hydro One's 6-1 Month Momentum % is 10.33%.

The industry rank for Hydro One's 6-1 Month Momentum % or its related term are showing as below:

TSX:H's 6-1 Month Momentum % is ranked better than
70.77% of 561 companies
in the Utilities - Regulated industry
Industry Median: 1.45 vs TSX:H: 10.33

Competitive Comparison of Hydro One's 6-1 Month Momentum %

For the Utilities - Regulated Electric subindustry, Hydro One's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.

Hydro One's 6-1 Month Momentum % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hydro One's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Hydro One's 6-1 Month Momentum % falls into.

Hydro One (TSX:H) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-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.

Hydro One (TSX:H) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.

Hydro One 6-1 Month Momentum % Related Terms

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Hydro One Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hydro One Ltd (TSX:H) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

HRNNF:USA 8H1:Germany

Address

483 Bay Street, South Tower, 8th Floor, Toronto, ON, CAN, M5G 2P5

Website

https://www.hydroone.com

Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.

Executives