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RWE AG (WAR:RWE) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is RWE AG Momentum Rank?

RWE AG 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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RWE AG (WAR:RWE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » RWE AG (WAR:RWE) » Definitions » Momentum Rank
Comparable Companies
XTER:EBK XTER:EOAN FRA:LEC XTER:MVV1 SAU:2082 ADX:TAQA XMAD:IBE MIL:ENEL SRE XPAR:ENGI DFM:DEWA LSE:SSE XLIS:EDP AES TSX:BIP.UN TSE:9502 XKLS:4677 XKLS:6742 MIL:A2A BSP:CMIG3
Traded in Other Exchanges
RWNFF:USA RWEOY:USA RWE:Mexico RWE:Italy RWEd:UK 0HA0:UK RWE:Germany RWEA:Germany RWE:Germany RWE:Germany RWEA:Germany RWE:Germany RWE:Czech Republic RWE:Austria
Address
RWE Platz 1, Essen, NW, DEU, 45141
Website
https://www.rwe.com
Since the deal with E.On, RWE is refocused on power generation, mostly in Europe. It owns 38 gigawatts of power generation capacity: 28% from lignite and hard coal plants, 37% from gas plants, 40% from renewables including pumped storage and batteries. Besides Germany, RWE's power plants are chiefly located in the United Kingdom, the Netherlands, Turkey, and the United States for many onshore wind farms.

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