Clough Global Equity Fund (Clough Global Equity Fund) Momentum Rank : 1 (As of Apr. 28, 2024)

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What is Clough Global Equity Fund Momentum Rank?

Clough Global Equity Fund has the Momentum Rank of 1.

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 Clough Global Equity Fund's Momentum Rank

For the Asset Management subindustry, Clough Global Equity Fund'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.

Clough Global Equity Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Clough Global Equity Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Clough Global Equity Fund's Momentum Rank falls into.

Clough Global Equity Fund Momentum Rank Related Terms

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Clough Global Equity Fund (Clough Global Equity Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Clough Global Equity Fund (AMEX:GLQ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1290 Broadway, Suite 1000, Denver, CO, USA, 80203

Website

https://www.cloughglobal.com

Clough Global Equity Fund is a closed-end management investment company. Its investment objective is to provide a high level of total return. The Fund invests in the equity, equity-related securities, and fixed-income securities in both U.S. and non-U.S. markets.

Executives

Charles Jr Clough	other: person affiliated w/ Inv. Adv.	53 STATE STREET, 27TH FLOOR, BOSTON MA 02109
Christopher Moore	officer: Secretary	1700 BROADWAY, SUITE 1850, DENVER CO 80290
Jill Kerschen	officer: Treasurer	1700 BROADWAY, SUITE 1850, DENVER CO 80290
Clough Capital Partners, L.p.	other: Investment Advisor of Fund	53 STATE STREET, 27TH FLOOR, SUITE 2702, BOSTON MA 02109
Lainey Ejiasa	officer: President	1290 BROADWAY, SUITE 1000, DENVER CO 80203
Dylan Riter Mikel	other: Assistant Treasurer	2921 SOUTH COORS DRIVE, LAKEWOOD CO 80228
Adams Nicholas	other: Secretary	1055 BROADWAY, 3RD FL, KANSAS CITY MT 64105
Ryan Johanson	officer: Treasurer	1290 BROADWAY SUITE 1000, DENVER CO 80203
Alex James Marks	officer: Assistant Secretary	1290 BROADWAY, SUITE 1000, DENVER CO 80203
Erich Rettinger	officer: Treasurer	1290 BROADWAY SUITE 1100, DENVER CO 80203
Michael Jason Hearle	other: Person affiliated with Inv Adv	53 STATE STREET, 27TH FLOOR, BOSTON MA 02109
Kevin Joseph Mcnally	officer: Trustee	53 STATE STREET, 27TH FLOOR, BOSTON MA 02109
Kelly Mcewen	officer: Treasurer	5050 S. SYRACUSE ST., SUITE 1100, DENVER CO 80237
Karen Ann Digravio	other: Trustee	1700 BROADWAY, SUITE 1850, DENVER CO 80290
Jerry G Rutledge	director	2745 SPRINGMEDE COURT, COLORADO SPRINGS CO 80906