Inter RAO Lietuva AB (WAR:IRL) Momentum Rank : 1 (As of Jun. 22, 2024)

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What is Inter RAO Lietuva AB Momentum Rank?

Inter RAO Lietuva AB has the Momentum Rank of 1.

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 Inter RAO Lietuva AB's Momentum Rank

For the Utilities - Independent Power Producers subindustry, Inter RAO Lietuva AB'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.

Inter RAO Lietuva AB's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Inter RAO Lietuva AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Inter RAO Lietuva AB's Momentum Rank falls into.

Inter RAO Lietuva AB Momentum Rank Related Terms

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Inter RAO Lietuva AB (WAR:IRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Inter RAO Lietuva AB (WAR:IRL) » Definitions » Momentum Rank

Comparable Companies

PHS:PERC KAR:SPWL MUS:KPCS MIC:TGKB KAR:EPQL KAR:ALTN OSL:NSOL XSGO:ENLASA KAR:NPL MUS:DGEN

Traded in Other Exchanges

N/A

Address

A. Tumeno Street 4, Block B, Vilnius, LTU, LT-01109

Website

https://www.interrao.lt

Inter RAO Lietuva AB along with its subsidiaries is engaged in the production, wholesale and retail trade of electricity in Lithuania. The company also owns a wind farm in western Lithuania. It imports and exports electricity, wholesale of electricity in the Baltic countries based on contracts and in the electricity exchange, retail trade of electricity in the Baltic countries, regulation and balancing services or suppliers and transmission system operators, wind energy, and investment.