Guggenheim Taxable Municipal Managed Duration Trust (Guggenheim Taxable Municipal Managed Duration Trust) Momentum Rank : 5 (As of May. 28, 2024)

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What is Guggenheim Taxable Municipal Managed Duration Trust Momentum Rank?

Guggenheim Taxable Municipal Managed Duration Trust 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 Guggenheim Taxable Municipal Managed Duration Trust's Momentum Rank

For the Asset Management subindustry, Guggenheim Taxable Municipal Managed Duration Trust'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.

Guggenheim Taxable Municipal Managed Duration Trust's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Guggenheim Taxable Municipal Managed Duration Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guggenheim Taxable Municipal Managed Duration Trust's Momentum Rank falls into.

Guggenheim Taxable Municipal Managed Duration Trust Momentum Rank Related Terms

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Guggenheim Taxable Municipal Managed Duration Trust (Guggenheim Taxable Municipal Managed Duration Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Guggenheim Taxable Municipal Managed Duration Trust (NYSE:GBAB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 West Monroe, Chicago, IL, USA, 60606

Website

https://www.guggenheiminvestments.com

Guggenheim Taxable Municipal Managed Duration Trust is a diversified closed-end management investment company. Its investment objective is to provide current income with a secondary objective of long-term capital appreciation. Its products include Mutual funds, Unit investment trusts, Closed-end funds, Rydex funds, Credit income fund.

Executives

Toupin Ronald E Jr	director, other: Trustee	117 ASHLAND AVENUE, RIVER FOREST IL 60305
Angela Brock-kyle	director, other: Trustee	3700 COLONNADE PARKWAY, BIRMINGHAM AL 35243
Chubb Donald A. Jr.	director, other: Trustee	2455 CORPORATE WEST DRIVE, LISLE IL 60532
Lydon Thomas F Jr	director, other: Trustee
Sandra G Sponem	director, other: Trustee	800 NICOLLET MALL, J1012057, MINNEAPOLIS MN 55402-7020
Evan Loring Serdensky	other: Portfolio Manager	227 WEST MONROE STREET, CHICAGO IL 60606
William Rehder	officer: Assistant Vice President	227 W MONROE STREET, CHICAGO IL 60606
Steven H. Brown	other: Portfolio Manager	227 WEST MONROE STREET, 49TH FLOOR, CHICAGO IL 60606
Adam Bloch	other: portfolio manager	2455 CORPORATE WEST DRIVE, LISLE IL 60532
Jon Szafran	officer: Assistant Treasurer	227 W. MONROE STREET, CHICAGO IL 60606
Brian E. Binder	officer: President and CEO	C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 11752
Anne Bookwalter Walsh	other: Managing Director	2455 CORPORATE WEST DRIVE, LISLE IL 60532
Keith David Kemp	officer: Assistant Treasurer	MACQUARIE FUND ADVISER LLC, 125 WEST 55TH STREET, NEW YORK NY 10019
Glenn Mcwhinnie	officer: Assistant Treasurer	227 W. MONROE STREET, CHICAGO IL 60606
Adam J Nelson	officer: Assistant Treasurer	227 WEST MONROE STREET, CHICAGO IL 60606

Guggenheim Taxable Municipal Managed Duration Trust (Guggenheim Taxable Municipal Managed Duration Trust) Headlines

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