Kansai Electric Power Co (Kansai Electric Power Co) Momentum Rank : 3 (As of May. 11, 2024)

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What is Kansai Electric Power Co Momentum Rank?

Kansai Electric Power Co has the Momentum Rank of 3.

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 Kansai Electric Power Co's Momentum Rank

For the Utilities - Renewable subindustry, Kansai Electric Power Co'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.

Kansai Electric Power Co's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kansai Electric Power Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kansai Electric Power Co's Momentum Rank falls into.

Kansai Electric Power Co Momentum Rank Related Terms

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Kansai Electric Power Co (Kansai Electric Power Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kansai Electric Power Co Inc (OTCPK:KAEPY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KAEPF:USA 9503:Japan

Address

36-16, Nakanoshima 3-chome, Kita-ku, Osaka, JPN, 530-8270

Website

http://www.kepco.co.jp

Kansai Electric Power Co Inc is an electric utility company that supplies power to the Kansai region of the Japanese archipelago. The company controls a portfolio of hydroelectric, thermal, nuclear, and solar power plants located in Kansai and in other countries throughout Southeast Asia. The vast majority of the energy produced by Kansai Electric comes from its thermal facilities. The company generates most of its revenue from the sale of electricity, heat, and gas to households and corporate customers. Kansai Electric's utility services, information technology, and real estate businesses also represent substantial revenue streams. The company provides energy to a significant percentage of the Japanese population.

Kansai Electric Power Co (Kansai Electric Power Co) Headlines

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Unveiling the Dividend Prospects of Kansai Electric Power Co Inc (KAEPF)

By GuruFocus Research • 09-28-2023