GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Elecnor SA (XMAD:ENO) » Definitions » Momentum Rank

Elecnor (XMAD:ENO) Momentum Rank

: 6 (As of Today)
View and export this data going back to 1990. Start your Free Trial

Elecnor has the Momentum Rank of 6.

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.


Competitive Comparison

For the Infrastructure Operations subindustry, Elecnor's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.


Elecnor Momentum Rank Distribution

For the Construction industry and Industrials sector, Elecnor's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Elecnor's Momentum Rank falls into.



Elecnor Momentum Rank Related Terms

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


Elecnor (XMAD:ENO) Business Description

Traded in Other Exchanges
Address
Paseo de la Castellana, 81, 20th Floor, Madrid, ESP, 28046
Elecnor SA is a Spanish engineering and construction company. The company organizes itself into two segments: Services and Projects business, and Concessions business. It generates the vast majority of revenue from the Services and Projects business segment. It generates electricity, operates power lines and substations, provides gas pipeline services, provides services for railways, develops telecommunications infrastructure, and constructs and maintains other infrastructure projects. The company derives approximately half of its revenue domestically.

Elecnor (XMAD:ENO) Headlines

No Headlines