6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-29), Oxford Lane Capital's 6-1 Month Momentum % is 12.20%.
The industry rank for Oxford Lane Capital's 6-1 Month Momentum % or its related term are showing as below:
OXLC's 6-1 Month Momentum % is ranked better than 51.26% of 1742
companies
in the Asset Management industry
Industry Median: 11.415
vs OXLC: 12.20
Competitive Comparison of Oxford Lane Capital's 6-1 Month Momentum %
For the Asset Management subindustry, Oxford Lane Capital's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.
Oxford Lane Capital's 6-1 Month Momentum % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Oxford Lane Capital's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Oxford Lane Capital's 6-1 Month Momentum % falls into.
Oxford Lane Capital (NAS:OXLC) 6-1 Month Momentum % Calculation
6-1 Month Momentum % is calculated as following:
6-1 Month Momentum %
=
( Price 1-month ago
/
Price 6-month ago
- 1 )
*
100 %
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Oxford Lane Capital (NAS:OXLC) 6-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Oxford Lane Capital 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Oxford Lane Capital's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oxford Lane Capital (Oxford Lane Capital) Business Description
Oxford Lane Capital Corp is a non-diversified closed-end management investment company. The fund's investment objective is to maximize its portfolio's risk-adjusted total return over its investment horizon. Its current focus is to seek that return by investing in equity and junior tranches of CLO(collateralized loan obligation) vehicles, which are collateralized primarily by a diverse portfolio of senior loans, and which generally have little to no exposure to real estate loans, mortgage loans or pools of consumer-based debt, such as credit card receivables or auto loans. Its investment strategy also includes investing in warehouse facilities, which are financing structures intended to aggregate senior loans that may be used to form the basis of a CLO vehicle.
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