KKRome Opportunities Fund (KKRome Opportunities Fund) Momentum Rank : 2 (As of May. 01, 2024)

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What is KKRome Opportunities Fund Momentum Rank?

KKRome Opportunities Fund has the Momentum Rank of 2.

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 KKRome Opportunities Fund's Momentum Rank

For the Asset Management subindustry, KKRome Opportunities 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.

KKRome Opportunities Fund's Momentum Rank Distribution in the Asset Management Industry

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

* The bar in red indicates where KKRome Opportunities Fund's Momentum Rank falls into.

KKRome Opportunities Fund Momentum Rank Related Terms

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KKRome Opportunities Fund (KKRome Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » KKR Income Opportunities Fund (NYSE:KIO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 California Street, 50th Floor, San Francisco, CA, USA, 94104

Website

https://www.kkrfunds.com

KKR Income Opportunities Fund operates as a closed-end registered management investment company. It seeks to generate a high level of current income, with a secondary objective of capital appreciation. The company invests in the portfolio of loans and fixed-income instruments of U.S. and non-U.S. issuers. The company will invest at least 80% of its Managed Assets in loans and fixed-income instruments or other instruments, including derivative instruments, with similar economic characteristics under normal market conditions.

Executives

Michael E Cahill	director
Jeremiah S Lane	other: Portfolio Manager	555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104
Christopher A Sheldon	other: Portfolio Manager	555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104
Lori Hoffman	officer: Secretary and Vice President	9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Eric J Mogelof	director, officer: President	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Suzanne Donohoe	director, officer: Chairman, President	555 CALIFORNIA ST., 50TH FL., SAN FRANCISCO CA 94104
Catherine B. Sidamon-eristoff	director	C/O KKR CREDIT ADVISORS (US) LLC, 555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104
Lion Connecticut Holdings Inc.	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095
Voya Financial, Inc.	10 percent owner	230 PARK AVENUE, NEW YORK NY 10169
Ing Life Insurance & Annuity Co	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095-4774
Reliastar Life Insurance Co	10 percent owner	20 WASHINGTON AVENUE SOUTH, MINNEAPOLIS MN 55401
Minnesota Life Insurance Co /bd	10 percent owner	400 N ROBERT ST, ST PAUL MN 55101
Michael H. Nguyen	officer: Secretary and Vice President	C/O KKR CREDIT ADVISORS (US) LLC, 555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104
Philip Davidson	officer: Secretary and Vice President	555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104
Shannon Horton	officer: Chief Compliance Officer	555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104