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GABPK.PFD (Gabelli Equity Trust) 12-1 Month Momentum % : 8.40% (As of Dec. 13, 2024)


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What is Gabelli Equity Trust 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-12-13), Gabelli Equity Trust's 12-1 Month Momentum % is 8.40%.

The industry rank for Gabelli Equity Trust's 12-1 Month Momentum % or its related term are showing as below:

GABpK.PFD's 12-1 Month Momentum % is ranked worse than
55.28% of 1722 companies
in the Asset Management industry
Industry Median: 7.415 vs GABpK.PFD: 8.40

Competitive Comparison of Gabelli Equity Trust's 12-1 Month Momentum %

For the Asset Management subindustry, Gabelli Equity Trust's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.


Gabelli Equity Trust's 12-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Equity Trust's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Gabelli Equity Trust's 12-1 Month Momentum % falls into.



Gabelli Equity Trust  (NYSE:GABpK.PFD) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Gabelli Equity Trust  (NYSE:GABpK.PFD) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Gabelli Equity Trust 12-1 Month Momentum % Related Terms

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Gabelli Equity Trust Business Description

Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is the long-term growth of capital with income as a secondary objective. The Fund invests at least its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, Consumer Services and others.

Gabelli Equity Trust Headlines

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