Blackstone Long-Short Creditome Fund (Blackstone Long-Short Creditome Fund) Momentum Rank : 10 (As of Jun. 05, 2024)

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What is Blackstone Long-Short Creditome Fund Momentum Rank?

Blackstone Long-Short Creditome Fund has the Momentum Rank of 10.

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 Blackstone Long-Short Creditome Fund's Momentum Rank

For the Asset Management subindustry, Blackstone Long-Short Creditome 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.

Blackstone Long-Short Creditome Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackstone Long-Short Creditome Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Blackstone Long-Short Creditome Fund's Momentum Rank falls into.

Blackstone Long-Short Creditome Fund Momentum Rank Related Terms

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Blackstone Long-Short Creditome Fund (Blackstone Long-Short Creditome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackstone Long-Short Credit Income Fund (NYSE:BGX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

345 Park Avenue, 31st Floor, New York, NY, USA, 10154

Website

http://www.blackstone-credit.com

Blackstone Long-Short Credit Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by employing a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans (Secured Loans) and high yield corporate bonds of varying maturities.

Executives

Gordon Mckemie	other: Portfolio Manager	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
William J Renahan	officer: Chief Compliance Officer	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Valerie Naratil	officer: Public Relations Officer	345 PARK AVENUE, NEW YORK NY 10154
Gregory Roppa	officer: CFO & Treasurer	601 LEXINGTON AVENUE, NEW YORK NY 10022
Jane Siebels	director	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Robert Post	other: Portfolio Manager	C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC, 345 PARK AVE 31ST FLOOR, NEW YORK NY 10154
Jane Lee	officer: Public Relations Officer	1290 BROADWAY, SUITE 1100 CO 80203
Robert W Busch	officer: CFO & Treasurer	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Lion Connecticut Holdings Inc.	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095
Voya Financial, Inc.	10 percent owner	230 PARK AVENUE, NEW YORK NY 10169
Sun Life Assurance Co Of Canada	10 percent owner	ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Financial Inc	10 percent owner	SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Ing Usa Annuity & Life Insurance Co	10 percent owner	699 WALNUT STREET, SUITE 1350, DE MOINES IA 50309-3942
Ing Life Insurance & Annuity Co	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095-4774
Dohyun (doris) Lee-silvestri	officer: Chief Financial Officer	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019

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