Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Momentum Rank : 0 (As of Jun. 05, 2024)

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What is Morgan Stanley Direct Lending Fund Momentum Rank?

Morgan Stanley Direct Lending 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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Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Business Description

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Morgan Stanley Direct Lending Fund is a fund whose investment objective is to achieve attractive risk-adjusted returns via current income and, to a lesser extent, capital appreciation by investing primarily in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. They invest primarily in directly originated senior secured term loans including first lien senior secured term loans including unitranche loans and second lien senior secured term loans, with the balance of our investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.

Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Headlines

From GuruFocus

Morgan Stanley Direct Lending Fund Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

By Business Wire • 02-14-2024