United Co RUSAL International PJSC (MIC:RUAL) Momentum Rank : 0 (As of Jun. 07, 2024)

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What is United Co RUSAL International PJSC Momentum Rank?

United Co RUSAL International 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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United Co RUSAL International PJSC (MIC:RUAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » United Co RUSAL International PJSC (MIC:RUAL) » Definitions » Momentum Rank

Traded in Other Exchanges

00486:Hong Kong

Address

Oktyabrskaya Street 8, Office 410, Kaliningrad, RUS, 236006

Website

https://www.rusal.ru

United Co RUSAL International PJSC produces aluminium and aluminium products. Its products are primary aluminium, aluminium alloys, high-purity aluminium, wire rod, foil and packaging, aluminium powder, bauxite and alumina, silicon, gallium, corundum, and aluminium protectors. The Aluminium segment is a key revenue driver, covers the production and sale of primary aluminium and related products. Alumina segment encompasses mining and refining of bauxite into alumina and sale of alumina. The Energy segment comprises mining and sale of coal and generation and transmission of electricity produced from various sources. Mining and metals segment consists of equity investments in Norilsk Nickel. It has four segments Aluminium, Alumina, Energy and Mining and Metals.

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