Aguas Andinas (XSGO:AGUAS-B) Momentum Rank : 5 (As of May. 18, 2024)

View and export this data going back to 1989. Start your Free Trial

What is Aguas Andinas Momentum Rank?

Aguas Andinas has the Momentum Rank of 5.

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 Aguas Andinas's Momentum Rank

For the Utilities - Regulated Water subindustry, Aguas Andinas'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.

Aguas Andinas's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Aguas Andinas's Momentum Rank distribution charts can be found below:

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

Aguas Andinas Momentum Rank Related Terms

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

Aguas Andinas (XSGO:AGUAS-B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Aguas Andinas SA (XSGO:AGUAS-B) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AGUAS-A:Chile

Address

Avenida Presidente Balmaceda No. 1398, 14th Floor, Santiago, CHL

Website

https://www.aguasandinasinversionistas.cl

Aguas Andinas SA delivers water-treatment solutions and other sanitation services under concession arrangements from the Chilean government. The company collects, cleans, and distributes water to residential, commercial, and industrial clients. Also, the company treats and disposes sewage and remnants from the process. Wastewater is decontaminated and used for irrigation systems. Aguas Andinas has two operating segments: water (a majority of total revenue) and nonwater. The company gathers water flowing from the Andes and has plants to transform it into a usable form. It uses tanks and an extensive underground network to distribute water to customers.

Aguas Andinas (XSGO:AGUAS-B) Headlines

No Headlines