Canadian Utilities (TSX:CU.PR.I.PFD) Momentum Rank

: 5 (As of Today)

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Canadian Utilities 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

For the Utilities - Diversified subindustry, Canadian Utilities'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.

Canadian Utilities Momentum Rank Distribution

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

* The bar in red indicates where Canadian Utilities's Momentum Rank falls into.

Canadian Utilities Momentum Rank Related Terms

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

Canadian Utilities (TSX:CU.PR.I.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Canadian Utilities Ltd (TSX:CU.PR.I.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CNAUF.PFD:USA CDUTF.PFD:USA CDUAF:USA CUD:Germany CU.PR.H.PFD:Canada CU.PR.G.PFD:Canada CU.PR.F.PFD:Canada CU.PR.E.PFD:Canada CU.PR.D.PFD:Canada CU.PR.C.PFD:Canada CU:Canada

Address

5302 Forand Street S.W., 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4

Website

https://www.canadianutilities.com

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company's main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.

Canadian Utilities (TSX:CU.PR.I.PFD) Headlines

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