Inversiones Aguas Metropolitanas (XSGO:IAM) Momentum Rank : 7 (As of Apr. 26, 2024)

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What is Inversiones Aguas Metropolitanas Momentum Rank?

Inversiones Aguas Metropolitanas has the Momentum Rank of 7.

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 Inversiones Aguas Metropolitanas's Momentum Rank

For the Utilities - Regulated Water subindustry, Inversiones Aguas Metropolitanas'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.

Inversiones Aguas Metropolitanas's Momentum Rank Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Inversiones Aguas Metropolitanas's Momentum Rank falls into.

Inversiones Aguas Metropolitanas Momentum Rank Related Terms

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Inversiones Aguas Metropolitanas (XSGO:IAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Inversiones Aguas Metropolitanas SA (XSGO:IAM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avda. Presidente Balmaceda N 1398, Floor 14, Santiago, CHL

Website

https://www.iam.cl

Inversiones Aguas Metropolitanas SA provides water transport and sanitation services. Through the operation of its sanitation companies, the company offers comprehensive management of the water cycle, a process that includes the capture of raw water; production, transport and distribution of potable water; and collection, treatment, and disposal of wastewater. The company organized into two business segments: Water and Non-water. The Water segment consists only of sanitation services. The Non-Water segment consists of services related to environmental analysis, liquid waste treatment (Riles), comprehensive engineering services, plus the sale of products related to the sanitation services and energy projects.

Inversiones Aguas Metropolitanas (XSGO:IAM) Headlines

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