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Western Asset Diversifiedome 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.
Thank you for viewing the detailed overview of Western Asset Diversifiedome Fund's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel P Cronin | director | 235 EAST 42ND ST, NEW YORK NY 10017 |
Oliveira Marc De | officer: Secretary/Chief Legal Officer | C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Hoffmann Courtney A. | other: Secretary/GC Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Robert D Agdern | director | C/O LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Andrew J. Bowden | other: COO/Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Ruys De Perez Charles Antony | other: Secretary/GC Subadviser | WESTERN ASSET MANAGEMENT COMPANY, 385 E. COLORADO BLVD., PASADENA CA 91101 |
Franklin Resources Inc | other: Parent of Inv Mgr/Subadvisers | FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Legg Mason Partners Fund Advisor, Llc | other: Investment Manager | 399 PARK AVENUE, NEW YORK NY 10022 |
Ted P Becker | other: CCO Investment Manager | 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Jeanne Kelly | officer: SVP, other: SVP/Investment Mgr | 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902 |
Thomas C Mandia | other: Secretary Inv Mgr | 300 FIRST STAMFORD PLACE, CITIGROUP ASSET MANAGEMENT, STAMFORD CT 06902 |
S. Kenneth Leech | other: Portfolio Manager | 385 EAST COLORADO BLVD, PASADENA CA 91101 |
Hirschmann James W Iii | other: CEO/Pres. Subadviser | |
Western Asset Management Company, Llc | other: Subadviser | 385 E. COLORADO BLVD., PASADENA CA 91101 |
Carol L Colman | director | 278 HAWLEY RD, NORTH SALEM NY 10560 |
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