GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Enel Distribucion Peru SAA (LIM:ENDISPC1) » Definitions » Momentum Rank

Enel Distribucion PeruA (LIM:ENDISPC1) Momentum Rank : 0 (As of May. 27, 2024)


View and export this data going back to 1996. Start your Free Trial

What is Enel Distribucion PeruA Momentum Rank?

Enel Distribucion PeruA 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.

Enel Distribucion PeruA Momentum Rank Related Terms

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

Enel Distribucion PeruA (LIM:ENDISPC1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Enel Distribucion Peru SAA (LIM:ENDISPC1) » Definitions » Momentum Rank
Comparable Companies
LIM:EGEPIBC1 NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED PEG BOM:532555 WEC EIX BOM:532898 FE XMAD:ELE ETR DTE
Traded in Other Exchanges
N/A
Address
Jr. Teniente Cesar Lopez Rojas No. 201, Urb. Maranga, San Miguel, Lima, PER
Website
https://www.enel.pe
Enel Distribucion Peru SAA distributes electricity in the north of Lima, Callao and the provinces of Huaura, Huaral, Barranca and Oyon. The company distributes electricity in more than 50 districts of the department of Lima region. It has an operation in more than 25 countries.

Enel Distribucion PeruA (LIM:ENDISPC1) Headlines

No Headlines