abrdn Smallerome Trust (LSE:ASCI) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is abrdn Smallerome Trust Momentum Rank?

abrdn Smallerome Trust 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.

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abrdn Smallerome Trust (LSE:ASCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Smaller Companies Income Trust PLC (LSE:ASCI) » Definitions » Momentum Rank

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Traded in Other Exchanges

N/A

Address

1 George Street, Edinburgh, GBR, EH2 2LL

Website

https://www.abrdnsmallercompaniesincome.co.uk

abrdn Smaller Companies Income Trust PLC is a United Kingdom based is closed-end investment company. Its objective is to provide a high and growing dividend, and capital growth from a portfolio invested principally in the ordinary shares of smaller UK companies and the UK fixed income securities. The company invests in equities, corporate bonds, and preference shares.

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