CenterPoint Energy (BSP:C1NP34) Momentum Rank : 4 (As of Apr. 29, 2024)

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What is CenterPoint Energy Momentum Rank?

CenterPoint Energy has the Momentum Rank of 4.

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 CenterPoint Energy's Momentum Rank

For the Utilities - Regulated Electric subindustry, CenterPoint Energy'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.

CenterPoint Energy's Momentum Rank Distribution in the Utilities - Regulated Industry

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

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

CenterPoint Energy Momentum Rank Related Terms

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CenterPoint Energy (BSP:C1NP34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CenterPoint Energy Inc (BSP:C1NP34) » Definitions » Momentum Rank

Comparable Companies

CMS AEE PPL ES FE AGR DTE ETR LNT EVRG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

CNP:USA HOU:Germany

Address

1111 Louisiana, Houston, TX, USA, 77002

Website

https://www.centerpointenergy.com

CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in six states serving approximately 4 million customers.

CenterPoint Energy (BSP:C1NP34) Headlines

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