What is PIMCOorate &ome Opportunity Fds 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 (2024-04-25), PIMCOorate &ome Opportunity Fds's 12-1 Month Momentum % is 13.49%.
The industry rank for PIMCOorate &ome Opportunity Fds's 12-1 Month Momentum % or its related term are showing as below:
PTY's 12-1 Month Momentum % is ranked better than 74.47% of 1743
companies
in the Asset Management industry
Industry Median: 1.29
vs PTY: 13.49
For the Asset Management subindustry, PIMCOorate &ome Opportunity Fds'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.
PIMCOorate &ome Opportunity Fds's 12-1 Month Momentum % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, PIMCOorate &ome Opportunity Fds's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where PIMCOorate &ome Opportunity Fds'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.
PIMCOorate &ome Opportunity Fds 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of PIMCOorate &ome Opportunity Fds's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
PIMCOorate &ome Opportunity Fds (PIMCOorate &ome Opportunity Fds) Business Description
PIMCO Corporate & Income Opportunity Fds operates as a closed-end management investment company. It seeks to maximize total return through a combination of current income and capital appreciation. The fund invests a majority of the total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as U.S. Government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis.
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