Invesco Bondome Plus (LSE:BIPS) Momentum Rank : 7 (As of May. 22, 2024)

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What is Invesco Bondome Plus Momentum Rank?

Invesco Bondome Plus has the Momentum Rank of 7.

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 Invesco Bondome Plus's Momentum Rank

For the Asset Management subindustry, Invesco Bondome Plus'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.

Invesco Bondome Plus's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Bondome Plus's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Invesco Bondome Plus's Momentum Rank falls into.

Invesco Bondome Plus Momentum Rank Related Terms

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Invesco Bondome Plus (LSE:BIPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Bond Income Plus Ltd (LSE:BIPS) » Definitions » Momentum Rank

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Traded in Other Exchanges

BIPSl:UK

Address

28 Esplanade, P.O. Box 1075, Saint Helier, JEY, JE4 2QP

Website

https://www.invesco.co.uk

Invesco Bond Income Plus Ltd is a closed-end investment company with an objective to achieve high income and capital growth from investment in fixed-interest securities. Its products include investment trusts, multi-asset funds, and UK equities. The company invests in bonds, along with other fixed-income securities, equities, and equity-like instruments. Its portfolio consists of investments made in oil and gas, basic materials, industrials, consumer goods, healthcare, consumer services, utility, telecommunications, financials, and technology sectors. It operates in a single segment of the business of investing in debt and, to a significantly lesser extent, equity securities.

Invesco Bondome Plus (LSE:BIPS) Headlines

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