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Cayenne Trust (The) (LSE:TCT) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Cayenne Trust (The) Momentum Rank?

Cayenne Trust (The) 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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Cayenne Trust (The) (LSE:TCT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cayenne Trust (The) PLC (LSE:TCT) » Definitions » Momentum Rank
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XKLS:0058 HSTC:SHS OSTO:DDM TSE:8518 OHEL:PNA1V ASX:MAI SGX:42T XKRX:246690 XTER:HPBK KUW:IFA TSX:LFE IST:GARFA TSX:NEW.A KUW:BAYANINV MUS:AAIT STC:FIT COL:GUAR.N0000 SVVC OCSE:STRINV XKLS:2186
Traded in Other Exchanges
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Website
http://www.thecayennetrust.com
Cayenne Trust (The) PLC is an investment trust incorporated on December 14, 1992. The Company's investment objective is to achieve consistent positive absolute returns. It invests principally in the securities of UK investment trust companies and other closed-end funds. It also has the flexibility to invest in listed or unlisted open-ended funds and may invest in any security issued by any exchange traded fund, investment fund, investment company, holding company or similar collective investment scheme.

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