Terna SpA (WBO:TRN) 6-1 Month Momentum %

: 4.22% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), Terna SpA's 6-1 Month Momentum % is 4.22%.

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

WBO:TRN's 6-1 Month Momentum % is ranked better than
56.01% of 566 companies
in the Utilities - Regulated industry
Industry Median: 0.11 vs WBO:TRN: 4.22

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Terna SpA'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.

Terna SpA 6-1 Month Momentum % Distribution

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

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

Terna SpA (WBO:TRN) 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.

Terna SpA (WBO:TRN) 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.

Terna SpA 6-1 Month Momentum % Related Terms

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Terna SpA (WBO:TRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Terna SpA (WBO:TRN) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

TEZNY:USA TERRF:USA TRN:Italy TRNm:UK 0LBM:UK UEI:Germany

Address

Viale Egidio Galbani, 70, Rome, ITA, 00156

Website

https://www.terna.it

Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.