Herzfeld Caribbean Basin Fund (Herzfeld Caribbean Basin Fund) Momentum Rank : 4 (As of May. 17, 2024)

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What is Herzfeld Caribbean Basin Fund Momentum Rank?

Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin Fund's Momentum Rank

For the Asset Management subindustry, Herzfeld Caribbean Basin 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.

Herzfeld Caribbean Basin Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Herzfeld Caribbean Basin Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Herzfeld Caribbean Basin Fund's Momentum Rank falls into.

Herzfeld Caribbean Basin Fund Momentum Rank Related Terms

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Herzfeld Caribbean Basin Fund (Herzfeld Caribbean Basin Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Herzfeld Caribbean Basin Fund Inc (NAS:CUBA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

119 Washington Avenue, Suite 504, Miami Beach, FL, USA, 33139

Website

https://www.herzfeld.com

Herzfeld Caribbean Basin Fund Inc operates as a closed-end management investment company. The company's investment objective is to obtain long-term capital appreciation. The firm offers customized discretionary account management and fund management services to individual and institutional investors. The fund invests in equity and equity-linked securities of public and private companies, including United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country. The fund's revenue source is through the dividends it receives. Its investments are geographically allocated in the United States followed by Puerto Rico, Mexico, and other countries.

Executives

Thomas J Herzfeld	director, officer: President	THE HERZFELD CARIBBEAN BASIN FUND INC, 119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH FL 33139
Erik Mervin Herzfeld	officer: Portfolio Manager	THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE. SUITE 504, MIAMI BEACH FL 33139
Ryan M Paylor	other: Portfolio Manager	THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Cecilia L Gondor	officer: Secretary/Treasurer	THE HERZFELD CARIBBEAN BASIN FUND INC, 119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH FL 33139
Phillip Goldstein	10 percent owner	60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Zachary Paul Richmond	officer: Treasurer	C/O ULTIMUS FUND SOLUTIONS, LLC, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Alice Tham	officer: Secretary	C/O THOMAS J. HERZFELD ADVISORS, INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Thomas K Morgan	officer: CCO	C/O THOMAS J. HERZFELD ADVISORS, INC., 119 WASHINGTON AVE, MIAMI BEACH FL 33139
Jose Raphael Oro	other: Access Person	17 OLD ORCHARD ROAD, NORTH HAVEN CT 06473
Teofilo Abraham Babun	other: Access Person	119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH FL 33139
Kay W Tatum	director	122 SEVILLA AVE, APT 1713, CORAL GABLES FL 33134
Lee Reanna J.m.	officer: Secretary/Treasurer/CCO	119 WASHINGTON AVE, STE 504, MIAMI BEACH FL 33139
John A Gelety	director	THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Ann S Lieff	director	THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Michael A Rubin	director	420 SOUTH DIXIE HIGHWAY, STE 4-B, CORAL GABLES FL 33176