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Henderson Highome Trust (LSE:HHI) 6-1 Month Momentum % : 0.97% (As of May. 26, 2024)


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What is Henderson Highome Trust 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 (2024-05-26), Henderson Highome Trust's 6-1 Month Momentum % is 0.97%.

The industry rank for Henderson Highome Trust's 6-1 Month Momentum % or its related term are showing as below:

LSE:HHI's 6-1 Month Momentum % is ranked worse than
64.83% of 1746 companies
in the Asset Management industry
Industry Median: 4.05 vs LSE:HHI: 0.97

Competitive Comparison of Henderson Highome Trust's 6-1 Month Momentum %

For the Asset Management subindustry, Henderson Highome Trust'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.


Henderson Highome Trust's 6-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Henderson Highome Trust's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Henderson Highome Trust's 6-1 Month Momentum % falls into.



Henderson Highome Trust  (LSE:HHI) 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.


Henderson Highome Trust  (LSE:HHI) 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.


Henderson Highome Trust 6-1 Month Momentum % Related Terms

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Henderson Highome Trust (LSE:HHI) Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Henderson High Income Trust PLC is a United Kingdom-based investment trust. The company's investment objective is to invest in a prudently diversified selection of both known and smaller companies to provide investors with a high dividend income stream while also maintaining the prospect of capital growth. To achieve this objective, the company invests substantially in ordinary shares of listed companies and the rest in fixed-interest stocks. Henderson's trust comprises securities in a variety of sectors, including financials, consumer goods, consumer services, fixed interest, telecommunications, utilities, healthcare, oil, and gas. The majority of its investments are based in the United Kingdom.

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