Bluefield Solarome Fund (CHIX:BSIFL) Momentum Rank : 1 (As of Jun. 09, 2024)

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What is Bluefield Solarome Fund Momentum Rank?

Bluefield Solarome Fund has the Momentum Rank of 1.

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 Bluefield Solarome Fund's Momentum Rank

For the Asset Management subindustry, Bluefield Solarome Fund'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.

Bluefield Solarome Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bluefield Solarome Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bluefield Solarome Fund's Momentum Rank falls into.

Bluefield Solarome Fund Momentum Rank Related Terms

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Bluefield Solarome Fund (CHIX:BSIFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bluefield Solar Income Fund Ltd (CHIX:BSIFl) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BSIF:UK

Address

Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY

Website

https://www.bluefieldsif.com

Bluefield Solar Income Fund Ltd is a Guernsey-based Investment company. The company provides investment advisory services to companies and funds investing in renewable energy infrastructure. Its investment objective is to provide shareholders with an attractive return, principally in the form of regular income distributions, by investing in a portfolio of UK-based solar energy infrastructure assets. The company invests in a diversified portfolio of renewable energy assets, each located within the UK, with a focus on utility scale assets and portfolios on greenfield, industrial and/or commercial sites. It operates its business in a single segment of investment in UK renewable energy infrastructure.

Bluefield Solarome Fund (CHIX:BSIFL) Headlines

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