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Ashoka WhiteOak Emerging Markets Trust (LSE:AWEM) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Ashoka WhiteOak Emerging Markets Trust Momentum Rank?

Ashoka WhiteOak Emerging Markets Trust has the Momentum Rank of 0.

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.

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Ashoka WhiteOak Emerging Markets Trust (LSE:AWEM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ashoka WhiteOak Emerging Markets Trust PLC (LSE:AWEM) » Definitions » Momentum Rank
Comparable Companies
LSE:KWG LSE:STM LSE:SDV LSE:LBOW LSE:DSM LSE:DNE LSE:VLE LSE:BSRT LSE:CLC LSE:JGC BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
52 Lime Street, 18th Floor, The Scalpel, London, GBR, EC3M 7AF
Website
https://www.awemtrust.com
Ashoka WhiteOak Emerging Markets Trust plc is an investment trust seeking to achieve long-term capital appreciation through investment primarily in quoted securities that provide exposure to global Emerging Markets.

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