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Tomsk distribution company PSC (MIC:TORS) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Tomsk distribution company PSC Momentum Rank?

Tomsk distribution company PSC 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.

Tomsk distribution company PSC Momentum Rank Related Terms

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Tomsk distribution company PSC (MIC:TORS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tomsk distribution company PSC (MIC:TORS) » Definitions » Momentum Rank
Comparable Companies
MIC:KTSB MIC:TASB MIC:MAGE MIC:STSB MIC:ASSB MIC:KLSB MIC:VGSB MIC:MRSB MIC:RZSB MIC:YKEN NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED
Traded in Other Exchanges
TORSP:Russia
Address
Kirova 36, Tomsk, RUS, 634041
Website
http://www.trk.tom.ru
Tomsk distribution company PSC provides services for power transmission and distribution market entities, as well as the connection of new consumers to electric networks in the Tomsk region.

Tomsk distribution company PSC (MIC:TORS) Headlines

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