Chelverton Growth Trust (LSE:CGW) Momentum Rank : 0 (As of Jun. 04, 2024)

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What is Chelverton Growth Trust Momentum Rank?

Chelverton Growth 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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Chelverton Growth Trust (LSE:CGW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Chelverton Growth Trust PLC (LSE:CGW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Courtenay Street, Suite 8, Bridge House, Newton Abbot, GBR, TQ12 2QS

Website

http://www.chelvertonam.com

Chelverton Growth Trust PLC is an investment trust. Its objective is to provide capital growth through investment in companies listed on the Official List and traded on the Alternative Investment Market with a market capitalization at the time of investment. Its investment objective is to increase net asset value per share at a higher rate than other quoted smaller company trusts and the MSCI Small Cap UK Index. It invests in securities of publicly quoted UK companies, though it might invest in unquoted securities.

Chelverton Growth Trust (LSE:CGW) Headlines

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