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TGC No 2 PJSC (MIC:TGKB) Momentum Rank : 0 (As of May. 28, 2024)


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What is TGC No 2 PJSC Momentum Rank?

TGC No 2 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.

TGC No 2 PJSC Momentum Rank Related Terms

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TGC No 2 PJSC (MIC:TGKB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » TGC No 2 PJSC (MIC:TGKB) » Definitions » Momentum Rank
Comparable Companies
MIC:OGKB SHSE:600900 HKSE:01816 BOM:533096 SHSE:600011 VST LSE:CNA HKSE:00006 BOM:539254 NRG HKSE:00836 BOM:500400 SHSE:600674 SHSE:600023 NSE:JSWENERGY SHSE:601991 BUE:PAMP DFM:EMPOWER ASX:AGL BOM:532779
Traded in Other Exchanges
TGKBP:Russia
Address
Prospekt Oktyabrya, 42, Yaroslavl, RUS, 150040
Website
http://www.tgc-2.ru
TGC No 2 PJSC is heat and power generating company in the Northern and Northwest parts of Russia. The company's activities involve heat and power production as well as the sale of heat (steam and hot water) to consumers. Its enterprises are in Arkhangelsk, Vologda, Kostroma, Novgorod and Yaroslavl regions of Russia, and in Skopje (Macedonia).

TGC No 2 PJSC (MIC:TGKB) Headlines

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