Enel Chile (Enel Chile) 6-1 Month Momentum %

: 2.48% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), Enel Chile's 6-1 Month Momentum % is 2.48%.

The industry rank for Enel Chile's 6-1 Month Momentum % or its related term are showing as below:

ENIC's 6-1 Month Momentum % is ranked better than
59.36% of 566 companies
in the Utilities - Regulated industry
Industry Median: 0.895 vs ENIC: 2.48

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Enel Chile's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.

Enel Chile 6-1 Month Momentum % Distribution

For the Utilities - Regulated industry and Utilities sector, Enel Chile's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Enel Chile's 6-1 Month Momentum % falls into.

Enel Chile (NYSE:ENIC) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enel Chile (NYSE:ENIC) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Enel Chile 6-1 Month Momentum % Related Terms

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Enel Chile (Enel Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Enel Chile SA (NYSE:ENIC) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

355:Germany ENELCHILE:Chile

Address

Avenida Santa Rosa 76, Piso 15, Santiago, CHL, 833009

Website

https://www.enelchile.cl

Enel Chile SA is an electricity utility company, which through its subsidiaries and affiliates is engaged in the generation, transmission and distribution of electricity businesses in Chile. It operates through two segments including Generation Business and Distribution and Network Business. The Generation Business Segment is comprised of a group of electricity companies that own electricity generating plants, whose energy is transmitted and distributed to end customers. The Distribution and Network Reportable Segment is comprised of a group of electricity companies operating under a public utility concession.