Capital Power (TSX:CPX.PR.K.PFD) Momentum Rank : 5 (As of Apr. 25, 2024)

View and export this data going back to 2019. Start your Free Trial

What is Capital Power Momentum Rank?

Capital Power 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 Capital Power's Momentum Rank

For the Utilities - Independent Power Producers subindustry, Capital Power'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.

Capital Power's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Capital Power's Momentum Rank falls into.

Capital Power Momentum Rank Related Terms

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

Capital Power (TSX:CPX.PR.K.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Capital Power Corp (TSX:CPX.PR.K.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CPWPF.PFD:USA CPRHF.PFD:USA CPXWF:USA 2CP:Germany CPX.PR.E.PFD:Canada CPX.PR.C.PFD:Canada CPX.PR.A.PFD:Canada CPX:Canada

Address

10423 - 101 Street NW, Suite 1200, Edmonton, AB, CAN, T5H 0E9

Website

https://www.capitalpower.com

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S. Capital Power's natural gas and coal facilities, specifically its Genesee and Shepard sites, account for most of its electric capacity and cash flow production. The company generates the vast majority of its revenue from sales of electricity and natural gas. Its customers include a variety of industrial and commercial consumers, independent transmission system operators, and government-owned entities.

Capital Power (TSX:CPX.PR.K.PFD) Headlines

No Headlines