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Blackrock Muniyield New Jersey Fund (Blackrock Muniyield New Jersey Fund) Momentum Rank : 0 (As of May. 06, 2024)


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What is Blackrock Muniyield New Jersey Fund Momentum Rank?

Blackrock Muniyield New Jersey Fund 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.

Blackrock Muniyield New Jersey Fund Momentum Rank Related Terms

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Blackrock Muniyield New Jersey Fund (Blackrock Muniyield New Jersey Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Muniyield New Jersey Fund Inc (NYSE:MYJ) » Definitions » Momentum Rank
Comparable Companies
RMM SOR DSM PMX PMM MGU CAF OIA FOF HRZN BLK TSX:BAM.A BX OSTO:INVE A KKR BK APO AMP TROW XSWX:PGHN
Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Website
https://www.blackrock.com
Blackrock Muniyield New Jersey Fund Inc is a closed-end management investment company. The fund's objective is to provide a high level of current income exempt from Federal and New Jersey income taxes. The fund invests primarily in investment-grade New Jersey municipal obligations.
Executives
Jaeckel Theodore R Jr other: Portfolio Manager 800SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
John Perlowski director, officer: See Remarks 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Peter Hayes other: Officer of the Advisor 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Wells Fargo Bank N A 10 percent owner 101 NORTH PHILLIPS AVENUE, SIOUX FALLS SD 57104
Wells Fargo & Company/mn 10 percent owner 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Michael J Castellano director C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055
Phillip Soccio other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Timothy T Browse other: Portfolio Manager 800 SCUDDERS MILLRD, PLAINSBORO NJ 08536
Cynthia Egan director 7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055