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Sanima Mai Hydropower (XNEP:SHPC) Momentum Rank : 0 (As of May. 23, 2024)


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What is Sanima Mai Hydropower Momentum Rank?

Sanima Mai Hydropower has the Momentum Rank of 0.

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.

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Sanima Mai Hydropower (XNEP:SHPC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sanima Mai Hydropower Ltd (XNEP:SHPC) » Definitions » Momentum Rank
Comparable Companies
XNEP:BPCL XNEP:NHPC XNEP:UPPER XNEP:CHCL ISX:BREN CEG WBO:VER XPRA:CEZ OCSE:ORSTED SHSE:600905 SHSE:600025 SZSE:001289 BOM:541450 XLIS:EDPR BSP:ELET3 BKK:GULF SHSE:600886 TSE:9503 OHEL:FORTUM SHSE:600795
Traded in Other Exchanges
N/A
Address
KMC-4, Shankha Park, Dhumbarahi, P.O. Box 19737, Kathamandu, NPL
Website
https://www.maihydro.com
Sanima Mai Hydropower Ltd is a hydropower company. Its activity is to generate and sell hydroelectricity to the Nepal Electricity Authority. The company's operating segment include Mai Hydropower Plant and Mai Cascade Hydropower Plant. It generates maximum revenue from the Mai Hydropower Plant segment.

Sanima Mai Hydropower (XNEP:SHPC) Headlines

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