Virtus Convertible &ome Fund II (Virtus Convertible &ome Fund II) Momentum Rank : 7 (As of May. 31, 2024)

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What is Virtus Convertible &ome Fund II Momentum Rank?

Virtus Convertible &ome Fund II has the Momentum Rank of 7.

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 Virtus Convertible &ome Fund II's Momentum Rank

For the Asset Management subindustry, Virtus Convertible &ome Fund II'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.

Virtus Convertible &ome Fund II's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund II's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome Fund II's Momentum Rank falls into.

Virtus Convertible &ome Fund II Momentum Rank Related Terms

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Virtus Convertible &ome Fund II (Virtus Convertible &ome Fund II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income Fund II (NYSE:NCZpA.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NCZ:USA

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://www.virtus.com

Virtus Convertible & Income Fund II is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. Its portfolio of investments includes different sector investments such as in healthcare services, media, oil, gas and consumable fuels and others.