What is MFS Multimarketome 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 (2024-04-24), MFS Multimarketome Trust's 12-1 Month Momentum % is 0.22%.
The industry rank for MFS Multimarketome Trust's 12-1 Month Momentum % or its related term are showing as below:
MMT's 12-1 Month Momentum % is ranked worse than 53.56% of 1744
companies
in the Asset Management industry
Industry Median: 1.315
vs MMT: 0.22
Competitive Comparison of MFS Multimarketome Trust's 12-1 Month Momentum %
For the Asset Management subindustry, MFS Multimarketome 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.
MFS Multimarketome Trust's 12-1 Month Momentum % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, MFS Multimarketome Trust's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where MFS Multimarketome Trust's 12-1 Month Momentum % falls into.
* 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.
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.
MFS Multimarketome Trust 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of MFS Multimarketome Trust's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
MFS Multimarketome Trust (MFS Multimarketome Trust) Business Description
MFS Multimarket Income Trust is a diversified closed-end management investment company. Its investment objective is to seek high current income, but may also consider capital appreciation. The fund invests a majority of its net assets in fixed-income securities, corporate bonds of the U.S and foreign issuers, U.S Government securities, foreign government securities, mortgage-backed and other asset-backed securities of U.S and foreign issuers, and debt instruments of issuers located in emerging market countries. The portfolio of investments comprises of different sector investments such as aerospace, airlines, automotive, chemicals, electronics, and others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MMT has been successfully added to your