Special Opportunities Fund (Special Opportunities Fund) 6-1 Month Momentum % : 17.20% (As of Apr. 26, 2024)

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What is Special Opportunities Fund 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 (2024-04-26), Special Opportunities Fund's 6-1 Month Momentum % is 17.20%.

The industry rank for Special Opportunities Fund's 6-1 Month Momentum % or its related term are showing as below:

SPEpB.PFD's 6-1 Month Momentum % is ranked better than
73.17% of 1744 companies
in the Asset Management industry
Industry Median: 10.91 vs SPEpB.PFD: 17.20

Competitive Comparison of Special Opportunities Fund's 6-1 Month Momentum %

For the Asset Management subindustry, Special Opportunities Fund'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.

Special Opportunities Fund's 6-1 Month Momentum % Distribution in the Asset Management Industry

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

* The bar in red indicates where Special Opportunities Fund's 6-1 Month Momentum % falls into.

Special Opportunities Fund (NYSE:SPEpB.PFD) 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.

Special Opportunities Fund (NYSE:SPEpB.PFD) 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.

Special Opportunities Fund 6-1 Month Momentum % Related Terms

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Special Opportunities Fund (Special Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Special Opportunities Fund Inc (NYSE:SPEpB.PFD) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

SPE:USA

Address

615 East Michigan Street, Milwaukee, WI, USA, 53202

Website

https://www.specialopportunitiesfundinc.com

Special Opportunities Fund Inc is the United States based closed-end diversified management investment company. Its investment objective is to have the total return. The company's investment portfolio consists of investment companies, common stocks, money market funds, commodity partnerships, preferred stocks, convertible bonds, liquidating trusts, promissory notes, senior unsecured notes, warrants, rights, corporate notes and corporate bonds. In addition, it also makes investments in construction materials, consumer finance, healthcare equipment and supplies, independent power and renewable electricity producers, insurance, personal products, professional services and real estate investment trusts.