GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Distribuidora De Gas Cuyana SA (BUE:DGCU2) » Definitions » Momentum Rank

Distribuidora De Gas Cuyana (BUE:DGCU2) Momentum Rank : 0 (As of Jun. 05, 2024)


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

What is Distribuidora De Gas Cuyana Momentum Rank?

Distribuidora De Gas Cuyana 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.

Distribuidora De Gas Cuyana Momentum Rank Related Terms

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

Distribuidora De Gas Cuyana (BUE:DGCU2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Distribuidora De Gas Cuyana SA (BUE:DGCU2) » Definitions » Momentum Rank
Comparable Companies
BUE:GBAN BUE:METR BUE:CGPA2 XMAD:NTGY ASX:APA ATO MIL:SRG HKSE:00003 NI TSE:9531 BOM:532155 HKSE:02688 TSE:9532 BOM:542066 XKLS:6033 HKSE:01193 NFE HKSE:00384 XMAD:ENG UGI
Traded in Other Exchanges
N/A
Address
5 Piso, Dpto: frente, Suipacha 10, Buenos Aires, ARG
Website
http://www.ecogas.com.ar
Distribuidora De Gas Cuyana SA is a distributor of natural gas either directly or through third-party entities. Its customer base includes residential clients, industrial and commercial businesses and CNG stations.

Distribuidora De Gas Cuyana (BUE:DGCU2) Headlines

No Headlines