GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Watlington Waterworks Ltd (BDA:WWW.BH) » Definitions » Momentum Rank

Watlington Waterworks (BDA:WWW.BH) Momentum Rank : 0 (As of May. 07, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Watlington Waterworks Momentum Rank?

Watlington Waterworks 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.

Watlington Waterworks Momentum Rank Related Terms

Thank you for viewing the detailed overview of Watlington Waterworks's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Watlington Waterworks (BDA:WWW.BH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Watlington Waterworks Ltd (BDA:WWW.BH) » Definitions » Momentum Rank
Comparable Companies
Traded in Other Exchanges
N/A
Address
32 Parsons Lane, H.P. House, Devonshire, BMU, DV 06
Website
https://www.bwl.bm
Watlington Waterworks Ltd is engaged in the production and distribution of water & purification of drinking water at the retail & wholesale level. It is also engaged in providing water service, plumbing supplies and supply of coolers for sale and rental.

Watlington Waterworks (BDA:WWW.BH) Headlines

No Headlines