Finsbury Growth &ome Trust (LSE:FGT) Momentum Rank : 4 (As of May. 21, 2024)

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What is Finsbury Growth &ome Trust Momentum Rank?

Finsbury Growth &ome Trust 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 Finsbury Growth &ome Trust's Momentum Rank

For the Asset Management subindustry, Finsbury Growth &ome 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.

Finsbury Growth &ome Trust's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Finsbury Growth &ome Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Finsbury Growth &ome Trust's Momentum Rank falls into.

Finsbury Growth &ome Trust Momentum Rank Related Terms

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Finsbury Growth &ome Trust (LSE:FGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Finsbury Growth & Income Trust PLC (LSE:FGT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FGTl:UK

Address

50 Lothian Road, Festival Square, Edinburgh, GBR, EH3 9WJ

Website

https://www.finsburygt.com

Finsbury Growth & Income Trust PLC is an alternative investment fund achieving capital and income growth and providing shareholders with a total return in excess of that of the FTSE All-Share Index. Geographically, the company operates within the United Kingdom, The United States of America, France and the Netherlands and generates a majority of its revenue from the United Kingdom.

Finsbury Growth &ome Trust (LSE:FGT) Headlines

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