Pengana Private Equity Trust (ASX:PE1) Momentum Rank : 6 (As of Dec. 11, 2024)

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What is Pengana Private Equity Trust Momentum Rank?

Pengana Private Equity Trust has the Momentum Rank of 6.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Pengana Private Equity Trust's Momentum Rank

For the Asset Management subindustry, Pengana Private Equity Trust's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

Pengana Private Equity Trust's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pengana Private Equity Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Pengana Private Equity Trust's Momentum Rank falls into.

Pengana Private Equity Trust Momentum Rank Related Terms

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Pengana Private Equity Trust Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Farrer Place, Suite 27.01, Level 27, Governor Philip Tower, Sydney, NSW, AUS, 2000

Website

https://www.pengana.com

Pengana Private Equity Trust is an Australia-based company engaged in providing a diversified portfolio of private market investments via a listed investment trust structure. The Trust's investment objective is to generate, over an investment horizon of at least 10 years, returns and capital growth through a selective and diversified approach to private markets.

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