Atco (ACLLF) Momentum Rank : 9 (As of Dec. 15, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Atco Momentum Rank?

Atco has the Momentum Rank of 9.

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 Atco's Momentum Rank

For the Utilities - Diversified subindustry, Atco'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.

Atco's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atco's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Atco's Momentum Rank falls into.

Atco Momentum Rank Related Terms

Thank you for viewing the detailed overview of Atco's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Atco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Atco Ltd (OTCPK:ACLLF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ACLTF:USA 8A6:Germany ACO.Y:Canada ACO.X:Canada

Address

5302 Forand Street SW, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4

Website

https://www.atco.com

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco's primary segments include Structures and Logistics, ATCO Energy Systems, ATCO EnPower, and Corporate and Other. It generates maximum revenue from the ATCO Energy Systems segment. Geographically, it derives most of its revenue from Canada.