Harbourvest Global Private Equity (LSE:HVPE) Momentum Rank : 8 (As of Apr. 26, 2024)

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What is Harbourvest Global Private Equity Momentum Rank?

Harbourvest Global Private Equity 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 Harbourvest Global Private Equity's Momentum Rank

For the Asset Management subindustry, Harbourvest Global Private Equity'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.

Harbourvest Global Private Equity's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Harbourvest Global Private Equity's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Harbourvest Global Private Equity's Momentum Rank falls into.

Harbourvest Global Private Equity Momentum Rank Related Terms

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Harbourvest Global Private Equity (LSE:HVPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Harbourvest Global Private Equity Ltd (LSE:HVPE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HVPEl:UK

Address

Saint Julian’s Avenue, BNP Paribas House, Saint Peter Port, GGY, GY1 1WA

Website

https://www.hvpe.com

Harbourvest Global Private Equity Ltd is a closed-ended investment company. Its investment objective is to generate superior shareholder returns through long-term capital appreciation by investing in a diversified portfolio of private equity investments as well as private market assets other than private equity where it identifies attractive opportunities. The company mainly invests in investment funds managed by HarbourVest Partners, LLC who make investments alongside third-party-managed investment funds. Its revenue comprises of investment income including interest from cash and equivalents and dividends. The company has a presence in the United States, Europe, Asia Pacific, and Rest of World.

Harbourvest Global Private Equity (LSE:HVPE) Headlines

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