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Rosseti Ural PJSC (MIC:MRKU) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Rosseti Ural PJSC Momentum Rank?

Rosseti Ural 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 Ural PJSC (MIC:MRKU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Rosseti Ural PJSC (MIC:MRKU) » Definitions » Momentum Rank
Comparable Companies
MIC:MRKP MIC:TGKA MIC:NNSB MIC:YRSB MIC:KCHE MIC:MRKC MIC:TGKN MIC:RTSB MIC:VRSB MIC:KRSB NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED
Traded in Other Exchanges
N/A
Address
140, Mamina-Sibiryaka Street, Ekaterinburg, RUS, 620026
Website
https://www.mrsk-ural.ru
Rosseti Ural PJSC is an electric grid company based in Russia. The principal business activities comprise transmission and distribution of electric energy, testing of power equipment, and safety control. In addition, the company is involved in the maintenance, diagnostics, and repair of power lines, measurement and metering devices, relay, and stability control schemes.

Rosseti Ural PJSC (MIC:MRKU) Headlines

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