Mexico Equity andome Fund (Mexico Equity andome Fund) Momentum Rank : 10 (As of May. 25, 2024)

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What is Mexico Equity andome Fund Momentum Rank?

Mexico Equity andome Fund has the Momentum Rank of 10.

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.

Competitive Comparison of Mexico Equity andome Fund's Momentum Rank

For the Asset Management subindustry, Mexico Equity andome Fund's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mexico Equity andome Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mexico Equity andome Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mexico Equity andome Fund's Momentum Rank falls into.

Mexico Equity andome Fund Momentum Rank Related Terms

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Mexico Equity andome Fund (Mexico Equity andome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mexico Equity and Income Fund Inc (OTCPK:MXEIP.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MXE:USA

Address

615 East Michigan Street, Milwaukee, WI, USA, 53202

Website

https://www.mxefund.com

Mexico Equity and Income Fund Inc is a closed-end, non-diversified management investment company. It maintains an investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The company provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.

Mexico Equity andome Fund (Mexico Equity andome Fund) Headlines

From GuruFocus

The Mexico Equity and Income Fund Announces Expiration of Rights Offering

By Business Wire Business Wire • 10-12-2021

The Mexico Equity and Income Fund Announces Non-Transferable Rights Offering

By Business Wire Business Wire • 08-16-2021

The Mexico Equity and Income Fund Announces Extension of Rights Offering

By Business Wire Business Wire • 09-29-2021

The Mexico Equity and Income Fund Announces New Transfer Agent

By Business Wire Business Wire • 02-01-2023

The Mexico Equity and Income Fund, Inc. Announces Cash Dividend

By Business Wire • 12-18-2023