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RusHydro PJSC (MIC:HYDR) Momentum Rank : 0 (As of May. 27, 2024)


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What is RusHydro PJSC Momentum Rank?

RusHydro 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.

RusHydro PJSC Momentum Rank Related Terms

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RusHydro PJSC (MIC:HYDR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » RusHydro PJSC (MIC:HYDR) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
43, Dubrovinskogo Street, Building 1, Krasnoyarsk, RUS, 660017
Website
https://www.rushydro.ru
RusHydro PJSC is one of the largest Russian utility holding companies and produces a sizable amount of the country's electricity. The company constructs, repairs, owns and operates heat and electricity generating power plants. RusHydro's portfolio of facilities includes thermal, geothermal, hydroelectric, tidal, wind, and solar power plants located throughout all of Russia. Hydroelectric sites make up most of these. The company primarily generates revenue from the sale of electricity. Sales of thermal energy, hot water, and capacity also represent substantial revenue streams. RusHydro's largest shareholder is the government of the Russian Federation, which holds a controlling stake in the company.

RusHydro PJSC (MIC:HYDR) Headlines