Portland General Electric Co (FRA:49P) Momentum Rank : 2 (As of May. 11, 2024)

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What is Portland General Electric Co Momentum Rank?

Portland General Electric Co has the Momentum Rank of 2.

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 of Portland General Electric Co's Momentum Rank

For the Utilities - Regulated Electric subindustry, Portland General Electric Co'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.

Portland General Electric Co's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Portland General Electric Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Portland General Electric Co's Momentum Rank falls into.

Portland General Electric Co Momentum Rank Related Terms

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Portland General Electric Co (FRA:49P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Portland General Electric Co (FRA:49P) » Definitions » Momentum Rank

Comparable Companies

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Traded in Other Exchanges

POR:USA

Address

121 South West Salmon Street, Portland, OR, USA, 97204

Website

https://www.portlandgeneral.com

Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services to 926,000 customers across a service territory that includes about half of all Oregon residents and two thirds of the state's business activity. The company owns (wholly or through joint ventures) 3.3 gigawatts of gas, coal, wind, and hydro generation.

Portland General Electric Co (FRA:49P) Headlines

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