MINTome Fund (TSX:MID.UN) 6-1 Month Momentum %

: 2.91% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-23), MINTome Fund's 6-1 Month Momentum % is 2.91%.

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

TSX:MID.UN's 6-1 Month Momentum % is ranked worse than
66.29% of 1753 companies
in the Asset Management industry
Industry Median: 9.92 vs TSX:MID.UN: 2.91

Competitive Comparison

For the Asset Management subindustry, MINTome 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.

MINTome Fund 6-1 Month Momentum % Distribution

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

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

MINTome Fund (TSX:MID.UN) 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.

MINTome Fund (TSX:MID.UN) 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.

MINTome Fund 6-1 Month Momentum % Related Terms

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MINTome Fund (TSX:MID.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MINT Income Fund (TSX:MID.UN) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Canadian Place, 58th Floor, P.O. Box 192, Toronto, ON, CAN, M5X 1A6

Website

https://www.middlefield.com

MINT Income Fund is a closed-end investment trust. The fund's investment objectives are to produce a high level of sustainable income and to minimize the risk of investing in high-income securities on a cost-effective basis. Primarily, it invests in a diversified portfolio of securities consisting of the equity of issuers operating in various industries and geographic regions. Additionally, the fund invests in various sectors, including real estate, financials, pipelines, industrials, healthcare, energy, consumer discretionary, preferred shares, corporate debt, consumer staples, technology, utilities, and metals and mining.

MINTome Fund (TSX:MID.UN) Headlines

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