GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alliancebernstein National Muni Inc Fd (NYSE:AFB) » Definitions » 6-1 Month Momentum %

AFB (Alliancebernstein National Muni Fd) 6-1 Month Momentum % : 2.96% (As of Dec. 14, 2024)


View and export this data going back to . Start your Free Trial

What is Alliancebernstein National Muni Fd 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-12-14), Alliancebernstein National Muni Fd's 6-1 Month Momentum % is 2.96%.

The industry rank for Alliancebernstein National Muni Fd's 6-1 Month Momentum % or its related term are showing as below:

AFB's 6-1 Month Momentum % is ranked better than
56.89% of 1726 companies
in the Asset Management industry
Industry Median: 1.555 vs AFB: 2.96

Competitive Comparison of Alliancebernstein National Muni Fd's 6-1 Month Momentum %

For the Asset Management subindustry, Alliancebernstein National Muni Fd's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.


Alliancebernstein National Muni Fd's 6-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Alliancebernstein National Muni Fd's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Alliancebernstein National Muni Fd's 6-1 Month Momentum % falls into.



Alliancebernstein National Muni Fd  (NYSE:AFB) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-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.


Alliancebernstein National Muni Fd  (NYSE:AFB) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.


Alliancebernstein National Muni Fd 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Alliancebernstein National Muni Fd's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Alliancebernstein National Muni Fd Business Description

Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, New York, NY, USA, 10105
Alliancebernstein National Muni Inc Fd is a diversified, closed-end management investment company. It seeks to provide high current income exempt from regular federal income tax by investing substantially all of its net assets in municipal securities that pay interest that is exempt from federal income tax.
Executives
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Wells Fargo & Company/mn 10 percent owner 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Wells Fargo Municipal Capital Strategies, Llc 10 percent owner 375 PARK AVENUE, NEW YORK NY 10152
Daryl Clements officer: VP & Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Andrew Potter officer: VP & Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Garry L Moody director 10951 GULF SHORE DRIVE, APT. 1201, NAPLES FL 34108
Joan M Lammtennant other: Director of Fund's Adviser 40 WANTAGE AVE, BRANCHVILLE NJ 07890
Marshall C Turner director 220 MONTGOMERY ST, PENTHOUSE 10, SAN FRANCISCO CA 94104
Todd Walthall other: Director of Fund's Adviser C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Onur Erzan director, officer: President & CEO C/O ALLIANCE BERNSTEIN L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jeanette W Loeb director 895 PARK AVENUE, NEW YORK NY 10075
Karl Sprules other: Head GTO of Fund's Adviser C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Carol Mcmullen director 1345 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10105
Bertram L Scott other: Director of Fund's Adviser C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417
Nella Domenici other: Director of Fund's Adviser C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105