Horizon Technology Finance (Horizon Technology Finance) Momentum Rank : 5 (As of Apr. 28, 2024)

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What is Horizon Technology Finance Momentum Rank?

Horizon Technology Finance has the Momentum Rank of 5.

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 Horizon Technology Finance's Momentum Rank

For the Asset Management subindustry, Horizon Technology Finance'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.

Horizon Technology Finance's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Horizon Technology Finance's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Horizon Technology Finance's Momentum Rank falls into.

Horizon Technology Finance Momentum Rank Related Terms

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Horizon Technology Finance (Horizon Technology Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Horizon Technology Finance Corp (NAS:HRZN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

312 Farmington Avenue, Farmington, CT, USA, 06032

Website

https://www.horizontechfinance.com

Horizon Technology Finance Corp is a specialty finance company. Its investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and sustainability industries.

Executives

Michael Balkin	director	C/O FORESIGHT ACQUISITION CORP., 233 N. MICHIGAN AVE., SUITE 1410, CHICAGO IL 60601
Jonathan Joseph Goodman	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Kimberley Ann O'connor	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Dombrowski Lynn Denise Murray	officer: Chief Accounting Officer	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Gerald A. Michaud	director, officer: President	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Pomeroy Robert D. Jr.	director, officer: Chief Executive Officer	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Daniel R. Trolio	officer: CFO	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Edmund V. Mahoney	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Joseph J Savage	director	WEBSTER FINANCIAL CORP, 145 BANK ST, WATERBURY CT 06702
Elaine A Sarsynski	director	312 FARMINGTON AVE, FARMINGTON CT 06032
Diane Earle	officer: Chief Credit Officer	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Christopher M. Mathieu	officer: SVP, CFO and Treasurer	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Christopher B. Woodward	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Compass Group Investments, Ltd.	10 percent owner	BELVEDERE BUILDING, 69 PITTS BAY ROAD, HAMILTON HM 08 D0 00000
David P. Swanson	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032