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BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND (BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND) Momentum Rank : 0 (As of May. 27, 2024)


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What is BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND Momentum Rank?

BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND 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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BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND (BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND (NYSE:MNE) » Definitions » Momentum Rank
Comparable Companies
FRA:IPO LSE:FEN XAMS:VALUE LSE:ELX JSE:SDC BOM:530499 WAR:SKH TSX:NAF.UN LSE:MXCP ASX:IBC HKSE:00172 FRA:PEH TSX:NIF.UN TSE:8783 MIL:MEC LSE:FTSV LSE:CIN CNCG LSE:SIT ASX:WMK
Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Website
https://www.blackrock.com
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC. is a closed-end management investment company. Its investment objective to provide shareholders with high current income exempt from federal income tax and New York State and New York City personal income taxes.
Executives
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Henry Gabbay director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055
Michael Perilli other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Michael Kalinoski other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Cynthia Egan director 7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio officer: Vice President 55 EAST 52ND STREET, NEW YORK NY 10055
Barbara Novick director 21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park officer: Chief Compliance Officer 55 EAST 52ND STREET, NEW YORK NY 10055
Stanley Morgan 10 percent owner 1585 BROADWAY, NEW YORK NY 10036

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