Duke Energy (LTS:0ID1) Momentum Rank : 10 (As of Dec. 11, 2024)

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What is Duke Energy Momentum Rank?

Duke Energy has the Momentum Rank of 10.

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 Duke Energy's Momentum Rank

For the Utilities - Regulated Electric subindustry, Duke Energy'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.

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

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

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

Duke Energy Momentum Rank Related Terms

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Duke Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Duke Energy Corp (LTS:0ID1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DUKpA.PFD:USA DUK:USA D2MN:Germany D2MN:Germany D2MN:Germany DUKB34:Brazil DUKE:Austria

Address

525 South Tryon Street, Charlotte, NC, USA, 28202

Website

https://www.duke-energy.com

Duke Energy is one of the largest us utilities, with regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to 8.2 million customers. Its natural gas utilities serve more than 1.6 million customers.

Duke Energy Headlines

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