Blue Planet Investment Trust (LSE:BLP) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Blue Planet Investment Trust Momentum Rank?

Blue Planet Investment 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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Blue Planet Investment Trust (LSE:BLP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

17 Grosvenor Crescent, Edinburgh, GBR, EH12 5EL

Website

https://www.blueplanet.eu

Blue Planet Investment Trust PLC is a UK-based investment company. The company's objective is to provide shareholders with a combination of capital growth and income. To achieve this, it invests in securities such as equities, exchange-traded funds, equity-related securities, bonds, and derivatives issued by companies, governments and other types of issuers located throughout the world. It invests in sectors such as Energy, Government Debt, Information Technology, Financials, Consumer Discretionary, Consumer Staples, , Industrials, and Utilities. The company has a presence in the United States, Norway, Brazil, Bermuda, Argentina, Egypt, the United Kingdom, and Other countries.

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