Tri-Continental (Tri-Continental) 6-1 Month Momentum % : 6.48% (As of Apr. 28, 2024)

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What is Tri-Continental 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 (2024-04-28), Tri-Continental's 6-1 Month Momentum % is 6.48%.

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

TYp.PFD's 6-1 Month Momentum % is ranked better than
70.87% of 1744 companies
in the Asset Management industry
Industry Median: 11.415 vs TYp.PFD: 6.48

Competitive Comparison of Tri-Continental's 6-1 Month Momentum %

For the Asset Management subindustry, Tri-Continental'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.

Tri-Continental's 6-1 Month Momentum % Distribution in the Asset Management Industry

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

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

Tri-Continental (NYSE:TYp.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.

Tri-Continental (NYSE:TYp.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.

Tri-Continental 6-1 Month Momentum % Related Terms

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Tri-Continental (Tri-Continental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tri-Continental Corp (NYSE:TYp.PFD) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

TY:USA

Address

290 Congress Street, Boston, MA, USA, 02110

Website

https://www.columbiathreadneedleus.com

Tri-Continental Corp is a United States-based closed-end management investment company. It invests to produce future growth of both capital and income while providing reasonable current income. The fund is divided into two equal segments namely, the equity segment uses quantitative models to select individual stocks whereas the Flexible capital income segment invests across a company's investable capital structure, including stocks, bonds, and convertible securities. The Fund invests in a range of sectors, which include consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, industrials, materials, real estate, telecommunication services, utilities, aerospace and defense, banking, chemicals, and others.