Aberforth Split Levelome Trust (LSE:ASIT) Momentum Rank : 8 (As of Apr. 25, 2024)

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What is Aberforth Split Levelome Trust Momentum Rank?

Aberforth Split Levelome Trust has the Momentum Rank of 8.

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 Aberforth Split Levelome Trust's Momentum Rank

For the Asset Management subindustry, Aberforth Split Levelome Trust'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.

Aberforth Split Levelome Trust's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Aberforth Split Levelome Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Aberforth Split Levelome Trust's Momentum Rank falls into.

Aberforth Split Levelome Trust Momentum Rank Related Terms

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Aberforth Split Levelome Trust (LSE:ASIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aberforth Split Level Income Trust PLC (LSE:ASIT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ASITl:UK

Address

69 Old Broad Street, Dashwood House, Level 4, London, GBR, EC2M 1QS

Website

https://www.aberforth.co.uk

Aberforth Split Level Income Trust PLC is a split capital investment trust with two classes of share-Ordinary shares and Zero dividend preference shares. The Trust's investment objective is to provide ordinary shareholders with a high level of income, together with the potential for income and capital growth, and to provide Zero Dividend Preference Shareholders with a pre -determined final capital entitlement.

Aberforth Split Levelome Trust (LSE:ASIT) Headlines

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