GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Floating Rate Income Opp Fd (NYSE:JRO) » Definitions » Momentum Rank

Nuveen Floating Rateome Opp Fd (Nuveen Floating Rateome Opp Fd) Momentum Rank : 0 (As of May. 12, 2024)


View and export this data going back to . Start your Free Trial

What is Nuveen Floating Rateome Opp Fd Momentum Rank?

Nuveen Floating Rateome Opp Fd 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.

Nuveen Floating Rateome Opp Fd Momentum Rank Related Terms

Thank you for viewing the detailed overview of Nuveen Floating Rateome Opp Fd's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Nuveen Floating Rateome Opp Fd (Nuveen Floating Rateome Opp Fd) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Floating Rate Income Opp Fd (NYSE:JRO) » Definitions » Momentum Rank
Comparable Companies
EFT FFA MHN EFR PMM FINS MIY SOR BRW CPZ BLK BX TSX:BN OSTO:INVE A KKR APO BK AMP STT OSTO:EQT
Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Website
https://www.nuveen.com
Nuveen Floating Rate Income Opp Fd is a diversified closed-end management investment company. Its investment objective is to achieve a high level of current income. The Fund invests its managed assets in adjustable rate loans, primarily secured senior loans. It may also invest in unsecured senior loans and secured and unsecured subordinated loans.
Executives
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Scott C. Caraher other: Portfolio Manager C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Knights Of Columbus 10 percent owner ONE COLUMBUS PLAZA, NEW HAVEN CT 06510
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Deann Morgan officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606