Pioneer Highome Trust (Pioneer Highome Trust) Momentum Rank : 4 (As of May. 03, 2024)

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What is Pioneer Highome Trust Momentum Rank?

Pioneer Highome Trust has the Momentum Rank of 4.

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 Pioneer Highome Trust's Momentum Rank

For the Asset Management subindustry, Pioneer Highome 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.

Pioneer Highome Trust's Momentum Rank Distribution in the Asset Management Industry

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

* The bar in red indicates where Pioneer Highome Trust's Momentum Rank falls into.

Pioneer Highome Trust Momentum Rank Related Terms

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Pioneer Highome Trust (Pioneer Highome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer High Income Trust (NYSE:PHT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer High Income Trust is a closed-end management investment company. Its investment objective is to provide a high level of current income and to seek capital appreciation. The group generally invests in fixed income markets. Geographically its activities are carried out through the United States.

Executives

Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Craig C Mackay	officer: Trustee	75 WEST 125TH STREET, NEW YORK NY 10027
Diane Durnin	other: Trustee	60 STATE STREET, BOSTON MA 02109
Baumgardner John E Jr.	other: Trustee	60 STATE STREET, BOSTON MA 02109
John Michael Malone	officer: Chief Compliance Officer	60 STATE STREET, BOSTON MA 02019
Matthew B Shulkin	other: Affiliated Person	60 STATE STREET, C/O AMUNDI PIONEER, BOSTON MA 02109
Mark Edward Bradley	officer: ASSISTANT TREASURER	60 STATE STREET, BOSTON MA 02109
Lorraine H Monchak	other: Trustee	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Fred J Ricciardi	other: Trustee	60 STATE STREET, BOSTON MA 02109
Lisa Jones	officer: Chief Executive Officer	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Bank Of America Na	10 percent owner	100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Marc O Mayer	other: Trustee	C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105