PGIM Global High Yield Fund, (PGIM Global High Yield Fund,) Momentum Rank : 4 (As of Apr. 25, 2024)

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What is PGIM Global High Yield Fund, Momentum Rank?

PGIM Global High Yield Fund, has the Momentum Rank of 4.

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 PGIM Global High Yield Fund,'s Momentum Rank

For the Asset Management subindustry, PGIM Global High Yield Fund,'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.

PGIM Global High Yield Fund,'s Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PGIM Global High Yield Fund,'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where PGIM Global High Yield Fund,'s Momentum Rank falls into.

PGIM Global High Yield Fund, Momentum Rank Related Terms

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PGIM Global High Yield Fund, (PGIM Global High Yield Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM Global High Yield Fund, Inc (NYSE:GHY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 Broad Street, 6th Floor, Newark, NJ, USA, 07102

Website

https://www.pgim.com

PGIM Global High Yield Fund, Inc is a diversified, closed-end management investment company. The fund's investment objective is to provide a high level of current income. The fund seeks to provide a high level of current income by investing in higher-rated, below-investment-grade fixed income instruments of issuers located around the world, including emerging markets.

Executives

Robert Cignarella	other: Portfolio Manager	100 MULBERRY STREET, NEWARK NJ 07102
Barry H Evans	director	C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Andrew Donohue	officer: Chief Compliance Officer	655 BROAD STREET, NEWARK NJ 07102
Brian J Lalli	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Robert Mccormack	officer: Assistant Treasurer	655 BROAD ST., NEWARK NJ 07102
Michael Lillard	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Isabelle Sajous	officer: Chief Compliance Officer	655 BROAD ST., NEWARK NJ 07102
Michael Joseph Gormally	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Gregory J Peters	other: Co-Chief Investment Officer	655 BROAD STREET, NEWARK NJ 07102
Craig C Dewling	other: Co-Chief Investment Officer	655 BROAD STREET, NEWARK NJ 07102
Brian Reid	director	C/O PGIM INVESTMENTS LLC, 655 BROAD STREET, NEWARK NJ 07102
Debra Rubano	officer: Assistant Secretary	655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102
Patrick Mcguinness	officer: Assistant Secretary	655 BROAD STREET, PRUDENTIAL TOWER SOUTH, 17TH FLOOR, NEWARK NJ 07102
Melissa Gonzalez	officer: Assistant Secretary	655 BROAD STREET, NEWARK NJ 07102
Russ Shupak	officer: Assistant Treasurer	655 BROAD STREET, NEWARK NJ 07102

PGIM Global High Yield Fund, (PGIM Global High Yield Fund,) Headlines

From GuruFocus

PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended July 31, 2020

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PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021

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PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended October 31, 2020

By Business Wire Business Wire • 12-11-2020

PGIM Global High Yield Fund, Inc's Dividend Analysis

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