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Rurelec (LSE:RUR) Momentum Rank : 0 (As of May. 17, 2024)


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What is Rurelec Momentum Rank?

Rurelec 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.

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Rurelec (LSE:RUR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Rurelec PLC (LSE:RUR) » Definitions » Momentum Rank
Comparable Companies
LSE:IDOX LSE:GHT LSE:APTD LSE:ALT LSE:TRCS LSE:IGP LSE:ELCO LSE:NET LSE:ACSO LSE:SAAS SHSE:600900 BOM:533096 HKSE:01816 SHSE:600011 VST BOM:539254 BOM:500400 HKSE:00006 NRG SHSE:600023
Traded in Other Exchanges
R1A:Germany
Address
5 St. John's Lane, London, GBR, EC1M 4BH
Website
https://www.rurelec.com
Rurelec PLC is an owner, developer, and operator of power generation capacity. Its main business consists of the ownership and development of power generation facilities on national and regional grids and in isolated areas, selling wholesale electricity as a generator on commercial terms, through capacity payments or power purchase agreements. The company's geographic segments consist of Chile and UK.

Rurelec (LSE:RUR) Headlines

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