SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'rank_momentum' CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) Mom
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) » Definitions » Momentum Rank

CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) Momentum Rank

: 4 (As of Today)
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CIA Energetica Do Rio Grande Norte - COSERN has the Momentum Rank of 4.

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

For the Utilities - Regulated Electric subindustry, CIA Energetica Do Rio Grande Norte - COSERN'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.

CIA Energetica Do Rio Grande Norte - COSERN Momentum Rank Distribution

For the Utilities - Regulated industry and Utilities sector, CIA Energetica Do Rio Grande Norte - COSERN's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CIA Energetica Do Rio Grande Norte - COSERN's Momentum Rank falls into.


CIA Energetica Do Rio Grande Norte - COSERN Momentum Rank Related Terms

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CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) » Definitions » Momentum Rank
Comparable Companies
BSP:EQMA3B BSP:CBEE3 BSP:GPAR3 BSP:CEED3 BSP:GEPA3 BSP:CLSC3 BSP:EKTR3 BSP:CEBR3 BSP:LIPR3 BSP:AFLT3 NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED
Traded in Other Exchanges
CSRN6:Brazil CSRN3:Brazil
Address
Rua Mermoz 150, Natal, RN, BRA, 59025250
Website
http://www.cosern.com.br
CIA Energetica Do Rio Grande Norte - COSERN is a holding company in Brazil. The Company, through its subsidiaries, is mainly engaged in distribution, transmission, generation and marketing of electricity. The company operates as a public service concessionary of electrical power, aimed to study, project, construct and explore systems of production, transmission, transformation, distribution and commercialization of electrical energy and other alternative energy sources, renewable and nonrenewable.

CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) Headlines

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