Brookfield Infrastructure Partners LP (TSX:BIP.PR.A.PFD) Momentum Rank : 8 (As of Apr. 25, 2024)

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What is Brookfield Infrastructure Partners LP Momentum Rank?

Brookfield Infrastructure Partners LP has the Momentum Rank of 8.

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 Brookfield Infrastructure Partners LP's Momentum Rank

For the Utilities - Diversified subindustry, Brookfield Infrastructure Partners LP'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.

Brookfield Infrastructure Partners LP's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Brookfield Infrastructure Partners LP's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Brookfield Infrastructure Partners LP's Momentum Rank falls into.

Brookfield Infrastructure Partners LP Momentum Rank Related Terms

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Brookfield Infrastructure Partners LP (TSX:BIP.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Brookfield Infrastructure Partners LP (TSX:BIP.PR.A.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BIPpB.PFD:USA BIPpA.PFD:USA BIP:USA BIP.PR.F.PFD:Canada BIP.PR.E.PFD:Canada BIP.UN:Canada BIP.PR.B.PFD:Canada

Address

73 Front Street, 5th Floor, Hamilton, BMU, HM12

Website

https://www.bip.brookfield.com

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company's segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Canada and also has a presence in Australia, Colombia, United Kingdom, Brazil, United States of America, Chile, Peru and other countries.

Brookfield Infrastructure Partners LP (TSX:BIP.PR.A.PFD) Headlines

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