What is BlackRock Multi-Sectorome 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 (2024-04-25), BlackRock Multi-Sectorome Trust's 6-1 Month Momentum % is 13.98%.
The industry rank for BlackRock Multi-Sectorome Trust's 6-1 Month Momentum % or its related term are showing as below:
BIT's 6-1 Month Momentum % is ranked better than 59.62% of 1751
companies
in the Asset Management industry
Industry Median: 10.46
vs BIT: 13.98
Competitive Comparison of BlackRock Multi-Sectorome Trust's 6-1 Month Momentum %
For the Asset Management subindustry, BlackRock Multi-Sectorome 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.
BlackRock Multi-Sectorome Trust's 6-1 Month Momentum % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock Multi-Sectorome Trust's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where BlackRock Multi-Sectorome Trust's 6-1 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 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.
BlackRock Multi-Sectorome Trust 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of BlackRock Multi-Sectorome Trust's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock Multi-Sectorome Trust (BlackRock Multi-Sectorome Trust) Business Description
BlackRock Multi-Sector Income Trust is a closed-end investment management company. It invests on behalf of its clients. The fund's primary investment objective is to provide a high level of current income, with a secondary objective of capital appreciation. The company seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in loan and debt instruments and other investments with similar economic characteristics. Its portfolio consists of Corporate Bonds, Asset-Backed Securities, Preferred Securities and others.
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