Naturgy Energy Group (FRA:GAN) Momentum Rank : 4 (As of Dec. 14, 2024)

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What is Naturgy Energy Group Momentum Rank?

Naturgy Energy Group 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 Naturgy Energy Group's Momentum Rank

For the Utilities - Regulated Gas subindustry, Naturgy Energy Group'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.

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

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

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

Naturgy Energy Group Momentum Rank Related Terms

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Naturgy Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Naturgy Energy Group SA (FRA:GAN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GASNY:USA 1NTGY:Italy NTGYe:UK 0NPV:UK NTGY:Spain GAN:Germany

Address

Avenida de Avenida de America 38, Madrid, ESP

Website

https://www.naturgy.com

Naturgy stems from the acquisition of Union Fenosa in 2008. The company operates across the gas value chain, from procurement to distribution and marketing. It owns and operates the largest gas distribution network in Spain and is the leader in retail gas supply. The company also owns and operates gas and electricity distribution networks in Latin America. The company owns 16.20 GW of generation capacity including 4.3 GW of wind and solar.