DTE Energy Co (FRA:DGY) Momentum Rank : 9 (As of Nov. 10, 2024)

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What is DTE Energy Co Momentum Rank?

DTE Energy Co has the Momentum Rank of 9.

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 DTE Energy Co's Momentum Rank

For the Utilities - Regulated Electric subindustry, DTE Energy 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.

DTE Energy Co's Momentum Rank Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where DTE Energy Co's Momentum Rank falls into.

DTE Energy Co Momentum Rank Related Terms

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DTE Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » DTE Energy Co (FRA:DGY) » Definitions » Momentum Rank

Comparable Companies

FE PPL ES ETR AEE WEC CMS EIX CNP XEL NEE SO DUK LSE:NG. PCG AEP D BOM:532555 PEG EXC

Traded in Other Exchanges

DTE:USA DTE1:Mexico 0I6Q:UK

Address

One Energy Plaza, Detroit, MI, USA, 48226-1279

Website

https://www.dteenergy.com

DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.

DTE Energy Co Headlines

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