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Rosseti Lenenergo PJSC (MIC:LSNG) Momentum Rank : 0 (As of Jun. 21, 2024)


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What is Rosseti Lenenergo PJSC Momentum Rank?

Rosseti Lenenergo PJSC 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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Rosseti Lenenergo PJSC (MIC:LSNG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Rosseti Lenenergo PJSC (MIC:LSNG) » Definitions » Momentum Rank
Comparable Companies
MIC:FEES MIC:KUBE MIC:IRAO MIC:DVEC MIC:MRKS MIC:MSRS MIC:MRKK MIC:VRSB MIC:RTSB MIC:KCHE NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED
Traded in Other Exchanges
LSNGP:Russia
Address
1, Constitution Square, St Petersburg, RUS, 196247
Website
http://www.lenenergo.ru
Rosseti Lenenergo PJSC is a electricity distribution company in Russia. The company provides electricity over 110-0.4-kV networks and access for consumers to the electricity network in the Saint Petersburg and the Leningrad Region. It provides electricity transmission services and other services integral to the process of supplying electricity to consumers; and connects power receivers (power units) of businesses and individuals to the grid.

Rosseti Lenenergo PJSC (MIC:LSNG) Headlines

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