Seneca Growth Capital VCT (LSE:HYG) Momentum Rank : 1 (As of Jun. 11, 2024)

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What is Seneca Growth Capital VCT Momentum Rank?

Seneca Growth Capital VCT has the Momentum Rank of 1.

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 Seneca Growth Capital VCT's Momentum Rank

For the Asset Management subindustry, Seneca Growth Capital VCT'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.

Seneca Growth Capital VCT's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Seneca Growth Capital VCT's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Seneca Growth Capital VCT's Momentum Rank falls into.

Seneca Growth Capital VCT Momentum Rank Related Terms

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Seneca Growth Capital VCT (LSE:HYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Seneca Growth Capital VCT PLC (LSE:HYG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SVCT:UK

Address

9 The Parks, Haydock, Newton-Le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.senecavct.co.uk

Seneca Growth Capital VCT PLC is an internally managed small registered alternative investment fund based in the United Kingdom. The company's investment objective is to provide shareholders with an attractive income and capital return by investing its funds in a portfolio of both unquoted and AQSE quoted UK companies that meet the relevant criteria under the VCT Rules.