GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Great Plains Energy Inc (NYSE:GXPPRECL.PFD) » Definitions » Momentum Rank

Great Plains Energy (Great Plains Energy) Momentum Rank : 0 (As of Apr. 30, 2024)


View and export this data going back to 1972. Start your Free Trial

What is Great Plains Energy Momentum Rank?

Great Plains Energy has the Momentum Rank of 0.

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.


Great Plains Energy Momentum Rank Related Terms

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


Great Plains Energy (Great Plains Energy) Business Description

Traded in Other Exchanges
N/A
Address
Great Plains Energy is the holding company of Kansas City Power & Light and Greater Missouri Operations. The two regulated utilities provide electric service to roughly 900,000 customers in the Kansas City area and nearby western Missouri and eastern Kansas. The company has about 6.5 gigawatts of generating capacity. More than 80% of its electricity generation is from coal-fired plants, approximately 15% comes from its co-owned Wolf Creek nuclear plant, and the remainder is from gas, oil, and wind farms.

Great Plains Energy (Great Plains Energy) Headlines

From GuruFocus

Great Plains Energy Inc. (GXP) CFO James C Shay buys 1,250 Shares

By GuruFocus Research GuruFocus Editor 08-20-2010

Great Plains Energy Inc. (GXP) CFO James C Shay buys 1,250 Shares

By GuruFocus Research GuruFocus Editor 11-04-2010