Orsted A/S (Orsted A/S) Momentum Rank : 5 (As of Apr. 26, 2024)

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What is Orsted A/S Momentum Rank?

Orsted A/S has the Momentum Rank of 5.

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 Orsted A/S's Momentum Rank

For the Utilities - Renewable subindustry, Orsted A/S'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.

Orsted A/S's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Orsted A/S's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Orsted A/S's Momentum Rank falls into.

Orsted A/S Momentum Rank Related Terms

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Orsted A/S (Orsted A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Orsted A/S (OTCPK:DNNGY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DOGEF:USA ORSTEc:UK 0RHE:UK ORSTED:Denmark D2G:Germany

Address

Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000

Website

https://www.orsted.com

Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 8.9 gigawatts of offshore wind farms at the end of 2022. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the U.S. Orsted also operates 4.2 GW of onshore wind and solar assets concentrated in the United States. The company is also involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.

Orsted A/S (Orsted A/S) Headlines

From GuruFocus

Orsted A/S Stock Shows Every Sign Of Being Significantly Overvalued

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