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Celsia Esp (BOG:CELSIA) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is Celsia Esp Momentum Rank?

Celsia Esp 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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Celsia Esp (BOG:CELSIA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Celsia SA Esp (BOG:CELSIA) » Definitions » Momentum Rank
Comparable Companies
BOG:GRUPOAVAL BOG:BVC BOG:CONCONCRET BOG:MINEROS BOG:ETB BOG:NUTRESA BOG:GRUPOSURA BOG:PAZRIO BOG:PFDAVVNDA ISX:BREN CEG WBO:VER XPRA:CEZ OCSE:ORSTED SHSE:600905 SHSE:600025 SZSE:001289 BOM:541450 XLIS:EDPR BSP:ELET3
Traded in Other Exchanges
N/A
Address
Carrera 43A No. 1A Sur - 143, Floor 5, Medellin, COL
Website
https://www.celsia.com
Celsia SA Esp is a Latin American public utility company. Celsia is involved in the generation and sale of electrical energy and natural gas in Colombia, Panama, and Costa Rica. Through its principal subsidiary, Celsia Colombia S.A. E.S.P, the company owns and operates a portfolio of thermal, hydroelectric, and wind power plants. The company has two geographical operating segments namely Colombia and Central America. It generates maximum revenue from the Colombia segment. The company projects include Porvenir II and ReverdeC.

Celsia Esp (BOG:CELSIA) Headlines

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