Invesco Select Trust (LSE:IVPU) Momentum Rank : 7 (As of Jun. 04, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Invesco Select Trust Momentum Rank?

Invesco Select 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 Invesco Select Trust's Momentum Rank

For the Asset Management subindustry, Invesco Select 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.

Invesco Select Trust's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Select Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Invesco Select Trust's Momentum Rank falls into.

Invesco Select Trust Momentum Rank Related Terms

Thank you for viewing the detailed overview of Invesco Select Trust's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Invesco Select Trust (LSE:IVPU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Select Trust PLC (LSE:IVPU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IVPM:UK IVPG:UK IVPB:UK

Address

Perpetual Park Drive, Perpetual Park, Henley-on-Thames, Oxfordshire, GBR, RG9 1HH

Website

https://www.invesco.com

Invesco Select Trust PLC is an investment company based in the UK. The company invests its shareholders' funds with the aim of spreading investment risk and generating returns. Its investment objective is to provide shareholders with a choice of investment strategies and policies, each intended to generate attractive risk-adjusted returns. The company focuses on investing no more than 15% of the gross assets in a single investment and not more than 10% of the gross assets invested in other listed investment companies. Its share capital comprises four share classes namely UK Equity Shares, Global Equity Income Shares, Balanced Risk Allocation Shares, and Managed Liquidity Shares and it allows shareholders to convert between share classes.

Invesco Select Trust (LSE:IVPU) Headlines

No Headlines