CIAneamento Do Parana-SANEPAR (BSP:SAPR11) Momentum Rank : 5 (As of Dec. 11, 2024)

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What is CIAneamento Do Parana-SANEPAR Momentum Rank?

CIAneamento Do Parana-SANEPAR has the Momentum Rank of 5.

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 CIAneamento Do Parana-SANEPAR's Momentum Rank

For the Utilities - Regulated Water subindustry, CIAneamento Do Parana-SANEPAR'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.

CIAneamento Do Parana-SANEPAR's Momentum Rank Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where CIAneamento Do Parana-SANEPAR's Momentum Rank falls into.

CIAneamento Do Parana-SANEPAR Momentum Rank Related Terms

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CIAneamento Do Parana-SANEPAR Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Saneamento Do Parana-SANEPAR (BSP:SAPR11) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SAPR4:Brazil SAPR3:Brazil

Address

Rua Engenheiros Reboucas 1376, Curitiba, PR, BRA, 80215-900

Website

https://www.sanepar.com.br

CIA Saneamento Do Parana-SANEPAR provides treated water supply sewage collection & treatment, and Solid waste management services. The company provides sanitation services to cities, smaller areas, and municipalities. The firm operates in two business segments: Water treatment & distribution and Sewage collection & treatment. It has a network for the withdrawal & distribution of drinking water, sewage collection, and the discharge of treated sewage. The firm operates landfills in Apucarana, Cornello, Procopio, and Cianorte for solid waste management. The majority of revenue get derived from the Water distribution and treatment segment.

CIAneamento Do Parana-SANEPAR Headlines

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