Fluxys Belgium (XBRU:FLUX) Momentum Rank : 1 (As of May. 06, 2024)

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What is Fluxys Belgium Momentum Rank?

Fluxys Belgium 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 Fluxys Belgium's Momentum Rank

For the Oil & Gas Midstream subindustry, Fluxys Belgium'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.

Fluxys Belgium's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Fluxys Belgium's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fluxys Belgium's Momentum Rank falls into.

Fluxys Belgium Momentum Rank Related Terms

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Fluxys Belgium (XBRU:FLUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Fluxys Belgium SA (XBRU:FLUX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

59FE:Germany

Address

Avenue des Arts 31, Brussels, BEL, B-1040

Website

https://www.fluxys.com

Fluxys Belgium SA is engaged as an operator of the natural gas transmission grid and storage infrastructure in Belgium. The company provides transmission and hub services which include transmitting natural gas to distribution system operators, power stations, and industrial end-users, and also buying and selling on Belgian gas trading places, and storage services which include enabling customers to use buffer capacity according to their use, and LNG terminalling which include loading and unloading LNG carriers, storing LNG, and regasifying it for transmission on the network. Its operating segment includes Transmission; Storage, and Terminalling. The company generates maximum revenue from the Transmission segment.