12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-19), New Mountain Finance's 12-1 Month Momentum % is 4.50%.
The industry rank for New Mountain Finance's 12-1 Month Momentum % or its related term are showing as below:
NMFC's 12-1 Month Momentum % is ranked better than 61.53% of 1744
companies
in the Asset Management industry
Industry Median: 0.505
vs NMFC: 4.50
Competitive Comparison
For the Asset Management subindustry, New Mountain Finance'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.
New Mountain Finance 12-1 Month Momentum % Distribution
For the Asset Management industry and Financial Services sector, New Mountain Finance's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where New Mountain Finance's 12-1 Month Momentum % falls into.
New Mountain Finance (NAS:NMFC) 12-1 Month Momentum % Calculation
12-1 Month Momentum % is calculated as following:
12-1 Month Momentum %
=
( Price 1-month ago
/
Price 12-month ago
- 1 )
*
100 %
* 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.
New Mountain Finance (NAS:NMFC) 12-1 Month Momentum % Explanation
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.
New Mountain Finance 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of New Mountain Finance's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
New Mountain Finance (New Mountain Finance) Business Description
New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds, and mezzanine securities.
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