JPMorgan Japan Small Cap Growth &ome (LSE:JSGI) Momentum Rank : 4 (As of Jun. 06, 2024)

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What is JPMorgan Japan Small Cap Growth &ome Momentum Rank?

JPMorgan Japan Small Cap Growth &ome 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.

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Competitive Comparison of JPMorgan Japan Small Cap Growth &ome's Momentum Rank

For the Asset Management subindustry, JPMorgan Japan Small Cap Growth &ome'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.

JPMorgan Japan Small Cap Growth &ome's Momentum Rank Distribution in the Asset Management Industry

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

* The bar in red indicates where JPMorgan Japan Small Cap Growth &ome's Momentum Rank falls into.

JPMorgan Japan Small Cap Growth &ome Momentum Rank Related Terms

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JPMorgan Japan Small Cap Growth &ome (LSE:JSGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan Japan Small Cap Growth & Income PLC (LSE:JSGI) » Definitions » Momentum Rank

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Traded in Other Exchanges

JSGIl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.jpmjapansmallcapgrowthandincome.co.uk

JPMorgan Japan Small Cap Growth & Income PLC is a UK-based investment trust company. Its investment objective is to achieve long-term capital growth through investment in small and medium-sized Japanese companies. The company focuses on investing in a diversified portfolio of investments almost wholly invested in Japan, emphasizing capital growth rather than income. It mainly invests in Japanese quoted companies, UK and Japanese government bonds. The company evaluates its performance against its benchmark S&P Japan SmallCap NR in sterling terms.

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