National Grid (CHIX:NGL) Momentum Rank : 8 (As of Dec. 14, 2024)

View and export this data going back to 2008. Start your Free Trial

What is National Grid Momentum Rank?

National Grid has the Momentum Rank of 8.

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 National Grid's Momentum Rank

For the Utilities - Regulated Electric subindustry, National Grid'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.

National Grid's Momentum Rank Distribution in the Utilities - Regulated Industry

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

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

National Grid Momentum Rank Related Terms

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

National Grid Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Grid PLC (CHIX:NGl) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NGGTF:USA NGG:USA NGG:Mexico NG.:UK NNGF:Germany NNGF:Germany NNGF:Germany N1GG34:Brazil NGG:Argentina

Address

1-3 Strand, London, GBR, WC2N 5EH

Website

https://www.nationalgrid.com

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.