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Samaraenergo PJSC (MIC:SAGO) Momentum Rank : 0 (As of May. 23, 2024)


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What is Samaraenergo PJSC Momentum Rank?

Samaraenergo PJSC 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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Samaraenergo PJSC (MIC:SAGO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Samaraenergo PJSC (MIC:SAGO) » Definitions » Momentum Rank
Comparable Companies
MIC:MISB MIC:KBSB MIC:MRKY MIC:KRSB MIC:MRKV MIC:PMSB MIC:MRKZ MIC:KGKC MIC:YKEN MIC:RZSB NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED
Traded in Other Exchanges
N/A
Address
G Mitirev Street 9, Samara, RUS, 443079
Website
http://www.samaraenergo.ru
Samaraenergo PJSC is a Russian company. The company's main activity is the purchase of electrical energy in the wholesale market of electrical energy and the supply of electrical energy to the retail market of the Samara Region under power supply and sales contracts.

Samaraenergo PJSC (MIC:SAGO) Headlines

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