What is Gabelli Utility Trust 12-1 Month Momentum %?
12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-17), Gabelli Utility Trust's 12-1 Month Momentum % is -21.40%.
The industry rank for Gabelli Utility Trust's 12-1 Month Momentum % or its related term are showing as below:
GUT's 12-1 Month Momentum % is ranked worse than 83.73% of 1733
companies
in the Asset Management industry
Industry Median: 0.65
vs GUT: -21.40
Competitive Comparison of Gabelli Utility Trust's 12-1 Month Momentum %
For the Asset Management subindustry, Gabelli Utility Trust's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.
Gabelli Utility Trust's 12-1 Month Momentum % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Gabelli Utility Trust's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Gabelli Utility Trust's 12-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Gabelli Utility Trust 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Gabelli Utility Trust's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gabelli Utility Trust (Gabelli Utility Trust) Business Description
Gabelli Utility Trust operates as a diversified closed-end investment management company. The fund's primary objective is the long-term growth of capital and income. To achieve its objective, the fund may invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas, & water; and telecommunications services or infrastructure operations. It invests in various sectors, of which Electric Integrated, Water, Telecommunications, and U.S. Government Obligations account for the majority weightage.
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