Eletrobras Participacoes (BSP:LIPR3) Momentum Rank : 1 (As of Apr. 26, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Eletrobras Participacoes Momentum Rank?

Eletrobras Participacoes 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 Eletrobras Participacoes's Momentum Rank

For the Utilities - Regulated Electric subindustry, Eletrobras Participacoes'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.

Eletrobras Participacoes's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Eletrobras Participacoes's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Eletrobras Participacoes's Momentum Rank falls into.

Eletrobras Participacoes Momentum Rank Related Terms

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

Eletrobras Participacoes (BSP:LIPR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Eletrobras Participacoes SA (BSP:LIPR3) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av Marechal Floriano 19 - 15º Floor, Rio de Janeiro, RJ, BRA, 20080003

Website

http://www.lightpar.com.br

Eletrobras Participacoes SA is primarily engaged in the generation and sale of electricity business activities. It also involved in development, distribution, transmission, and marketing of electrical power. The company generates electricity power through hydropower, wind turbines and thermoelectric power. It derives most of its revenues from the sale of the electricity business activities and has operations spread across Brazil.

Eletrobras Participacoes (BSP:LIPR3) Headlines

No Headlines