Baillie Gifford UK Growth Trust (LSE:BGUK) Momentum Rank : 7 (As of Jun. 05, 2024)

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What is Baillie Gifford UK Growth Trust Momentum Rank?

Baillie Gifford UK Growth Trust has the Momentum Rank of 7.

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 Baillie Gifford UK Growth Trust's Momentum Rank

For the Asset Management subindustry, Baillie Gifford UK Growth Trust'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.

Baillie Gifford UK Growth Trust's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Baillie Gifford UK Growth Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Baillie Gifford UK Growth Trust's Momentum Rank falls into.

Baillie Gifford UK Growth Trust Momentum Rank Related Terms

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Baillie Gifford UK Growth Trust (LSE:BGUK) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

BGUKl:UK

Address

28 St James’s Square, Grimaldi House, 1st Floor, London, GBR, SW1Y 4JH

Website

https://www.bailliegifford.com

Baillie Gifford UK Growth Trust PLC is an investment company and carries on business as an investment trust. The company invests in a portfolio of between 35 and 65 stocks principally selected for their potential to provide shareholders with attractive returns relative to the FTSE All-Share Index. The portfolio is invested primarily in listed UK equities. The principal investment objective of the company is to achieve capital growth predominantly from investment in UK equities, with the aim of providing a total return in excess of the FTSE All-Share Index.

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