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Valener (TSX:VNR.PR.A.PFD) Momentum Rank : 0 (As of Apr. 30, 2024)


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What is Valener Momentum Rank?

Valener 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.

Valener Momentum Rank Related Terms

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Valener (TSX:VNR.PR.A.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Valener Inc (TSX:VNR.PR.A.PFD) » Definitions » Momentum Rank
Comparable Companies
TSX:ACI TSE:9536 HKSE:01600 XKLS:5209 BSE:TGN SAU:2080 TSE:9543 MIC:GAZT IST:AYGAZ HKSE:02686 TPE:9908 MIL:ASC ORSE:GZE1R TSE:1663 SHSE:603706 SHSE:603393 XSGO:GASCO SHSE:600333 SZSE:002700 SHSE:600856
Traded in Other Exchanges
N/A
Address
1717 du Havre Street, Montreal, QC, CAN, H2K 2X3
Website
http://www.valener.com
Valener Inc is an investment holding company engaged in the regulated energy business in the United States and Canada through Gaz Metro. Its core business operations involve natural gas distribution in Quebec and Vermont as well as electricity distribution in Vermont. The company through its subsidiaries holds the interest in wind farm business. It serves more than 200,000 customers in Quebec and over 310,000 customers in Vermont.

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