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Pembina Pipeline (TSX:PPL.PR.C.PFD) Momentum Rank : 10 (As of Dec. 13, 2024)


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What is Pembina Pipeline Momentum Rank?

Pembina Pipeline has the Momentum Rank of 10.

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.

Competitive Comparison of Pembina Pipeline's Momentum Rank

For the Oil & Gas Midstream subindustry, Pembina Pipeline's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pembina Pipeline's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pembina Pipeline's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Pembina Pipeline's Momentum Rank falls into.


Pembina Pipeline Momentum Rank Related Terms

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Pembina Pipeline Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pembina Pipeline Corp (TSX:PPL.PR.C.PFD) » Definitions » Momentum Rank
Comparable Companies
TSX:KEY TSX:ALA TSX:SOBO TSX:TPZ TSX:GEI TSX:TWM TSXV:SRR TSX:TRP TSX:ENB WMB EPD OKE ET KMI MPLX LNG TRGP CQP WES PAA
Traded in Other Exchanges
PMBPF.PFD:USA PBNAF.PFD:USA PBA:USA P5P:Germany P5P:Germany PPL.PF.E.PFD:Canada PPL.PF.A.PFD:Canada PPL.PR.O.PFD:Canada PPL.PR.Q.PFD:Canada PPL.PR.S.PFD:Canada PPL.PR.I.PFD:Canada PPL.PR.G.PFD:Canada PPL.PR.E.PFD:Canada PPL.PR.A.PFD:Canada PPL:Canada
Address
585 - 8th Avenue S.W., Suite 4000, Calgary, AB, CAN, T2P 1G1
Website
https://www.pembina.com
Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.

Pembina Pipeline Headlines

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