CT Private Equity Trust (LSE:CTPE) Momentum Rank : 5 (As of May. 29, 2024)

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What is CT Private Equity Trust Momentum Rank?

CT Private Equity 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 CT Private Equity Trust's Momentum Rank

For the Asset Management subindustry, CT Private Equity 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.

CT Private Equity Trust's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CT Private Equity Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CT Private Equity Trust's Momentum Rank falls into.

CT Private Equity Trust Momentum Rank Related Terms

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CT Private Equity Trust (LSE:CTPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CT Private Equity Trust PLC (LSE:CTPE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CTPEl:UK

Address

7a Nightingale Way, Quartermile 4, 6th Floor, Edinburgh, GBR, EH3 9EG

Website

http://www.ctprivateequitytrust.com

CT Private Equity Trust PLC is a UK-based investment trust, which is managed by F&C Investment Business Limited. Its core business is the management of long-term borrowings by investing them in private equity assets. Its objective is to achieve long-term capital growth through investment in private equity assets, whilst providing shareholders with a predictable and above average level of dividend funded from a combination of the Company's revenue and realised capital profits. The fund's portfolio is comprised of private equity focused limited partnerships, offshore funds, investment companies and investment trusts. The company may also make direct private equity investments, mainly through co-investment with the funds in which the company is invested.

CT Private Equity Trust (LSE:CTPE) Headlines

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