Edison International (BSP:E1IX34) Momentum Rank : 8 (As of May. 23, 2024)

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

What is Edison International Momentum Rank?

Edison International 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 Edison International's Momentum Rank

For the Utilities - Regulated Electric subindustry, Edison International'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.

Edison International's Momentum Rank Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Edison International's Momentum Rank falls into.

Edison International Momentum Rank Related Terms

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

Edison International (BSP:E1IX34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Edison International (BSP:E1IX34) » Definitions » Momentum Rank

Comparable Companies

WEC XEL ETR DTE FE ED ES PEG PPL AEE NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC BOM:532898

Traded in Other Exchanges

EIX:USA EIX1:Mexico EIX:Germany

Address

2244 Walnut Grove Avenue, P.O. Box 976, Rosemead, CA, USA, 91770

Website

https://www.edison.com

Edison International is the parent company of Southern California Edison, an electric utility that distributes electricity to 5 million customers in a 50,000-square-mile area of Southern California, excluding Los Angeles. Edison Energy owns interests in nonutility businesses that deal in energy-related products and services. In 2014, Edison International sold its wholesale power generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy.

Edison International (BSP:E1IX34) Headlines

No Headlines