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CU (TSX:CIU.PR.C.PFD) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is CU Momentum Rank?

CU 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.

CU Momentum Rank Related Terms

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CU Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CU Inc (TSX:CIU.PR.C.PFD) » Definitions » Momentum Rank
Comparable Companies
TSXV:OEG TSX:JE TSX:SPB TSX:ACO.Y TSX:EMA TSX:CU.X TSX:BIP.UN
Traded in Other Exchanges
CIU.PR.A.PFD:Canada
Address
5302 Forand Street South West, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4
Website
https://www.canadianutilities.com
CU Inc is engaged in the transmission and distribution of electricity and natural gas. It operates through Electricity and Natural gas segments. The Electricity segment provides regulated electricity transmission, distribution and related infrastructure solutions in northern and central east Alberta, the Yukon and the Northwest Territories. The Natural Gas segment provides integrated natural gas transmissions, distribution and related infrastructure development throughout Alberta and in the Lloydminster area of Saskatchewan.

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