6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-05-21), Western Asset Global High Fd's 6-1 Month Momentum % is -17.66%.
The industry rank for Western Asset Global High Fd's 6-1 Month Momentum % or its related term are showing as below:
EHI's 6-1 Month Momentum % is ranked worse than 71.61% of 1765
companies
in the Asset Management industry
Industry Median: -8.78
vs EHI: -17.66
Competitive Comparison
For the Asset Management subindustry, Western Asset Global High 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.
Western Asset Global High Fd 6-1 Month Momentum % Distribution
For the Asset Management industry and Financial Services sector, Western Asset Global High Fd's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Western Asset Global High Fd's 6-1 Month Momentum % falls into.
Western Asset Global High Fd (NYSE:EHI) 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.
Western Asset Global High Fd (NYSE:EHI) 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.
Western Asset Global High Fd 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Western Asset Global High Fd's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Western Asset Global High Inc Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is high current income and total return by investing in a global portfolio of securities. The fund invests in various sectors such as Consumer Discretionary, Energy, Healthcare, Industrials, materials, and others.
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