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3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-07-19), Western Asset Highome Fund II's 3-1 Month Momentum % is -2.93%.
The industry rank for Western Asset Highome Fund II's 3-1 Month Momentum % or its related term are showing as below:
HIX's 3-1 Month Momentum % is ranked worse than 58.36% of 1638
companies
in the Asset Management industry
Industry Median: -1.415
vs HIX: -2.93
Western Asset Highome Fund II (NYSE:HIX) 3-1 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 3-1 Month Momentum % measures the total return to a stock over the past three 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.
Western Asset Highome Fund II 3-1 Month Momentum % Related Terms
HIX vs MIY, JGH, SCD: 3-1 Month Momentum % Comparison
For the Asset Management subindustry, Western Asset Highome Fund II's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 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.
Western Asset Highome Fund II 3-1 Month Momentum % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Highome Fund II's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Western Asset Highome Fund II's 3-1 Month Momentum % falls into.
Western Asset Highome Fund II (NYSE:HIX) 3-1 Month Momentum % Calculation
3-1 Month Momentum % is calculated as following:
3-1 Month Momentum %
=
( Price 1-month ago
/
Price 3-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.
Western Asset Highome Fund II (HIX) has a 3-1 Month Momentum % of -2.93% as of Jul. 19, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Western Asset Highome Fund II and its competitors. According to the industry distribution chart, Western Asset Highome Fund II ranks #956 out of 1638 companies in the Asset Management industry, placing it in the top 58.4%.
Is Western Asset Highome Fund II's 3-1 Month Momentum % too high?
Western Asset Highome Fund II's current 3-1 Month Momentum % is -2.93%. Based on the distribution chart, Western Asset Highome Fund II ranks #956 out of 1638 companies in the Asset Management industry, which is below the industry midpoint. Overall, Western Asset Highome Fund II has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Highome Fund II's 3-1 Month Momentum % compare to MIY and JGH?
According to the Asset Management industry distribution chart, Western Asset Highome Fund II ranks #956 out of 1638 companies for 3-1 Month Momentum %. This places Western Asset Highome Fund II in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for an Asset Management company?
A good 3-1 Month Momentum % depends on the Asset Management industry context. However, 3-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Western Asset Highome Fund II and its competitors. Western Asset Highome Fund II's current 3-1 Month Momentum % is -2.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Highome Fund II stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Highome Fund II (HIX) is currently considered Significantly Undervalued. The stock's GF Value™ is $6.05, compared to a current price of $3.96 — trading 34.5% below its estimated fair value. The current 3-1 Month Momentum % is -2.93%. Western Asset Highome Fund II's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For Western Asset Highome Fund II (HIX), the current 3-1 Month Momentum % is -2.93% as of Jul. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Western Asset Highome Fund II (HIX) Overvalued in 2026?
Based on GuruFocus' analysis, Western Asset Highome Fund II stock appears to be undervalued.
The current stock price of $3.96 is trading 34.5% below its estimated GF Value™ of $6.05.
GuruFocus considers Western Asset Highome Fund II to be Significantly Undervalued.
Key valuation signals for HIX:
3-1 Month Momentum %: -2.93%
GF Value™: $6.05 vs. price of $3.96 (34.5% below fair value)
No single metric tells the full story. See the HIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Asset Highome Fund II Business Description
Western Asset High Income Fund II Inc is a diversified closed-end management investment company. Its investment objective is to maximize current income by investing at least 80% of its net assets and borrowings for investment purposes in high-yield debt securities.
50GF Score
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