ProVen VCT (LSE:PVN) Momentum Rank : 6 (As of Jun. 03, 2024)

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What is ProVen VCT Momentum Rank?

ProVen VCT has the Momentum Rank of 6.

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 ProVen VCT's Momentum Rank

For the Asset Management subindustry, ProVen 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.

ProVen VCT's Momentum Rank Distribution in the Asset Management Industry

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

* The bar in red indicates where ProVen VCT's Momentum Rank falls into.

ProVen VCT Momentum Rank Related Terms

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ProVen VCT (LSE:PVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ProVen VCT PLC (LSE:PVN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Drury Lane, Charter House, London, GBR, WC2B 5SQ

Website

https://www.provenvcts.co.uk

ProVen VCT PLC is a United Kingdom-based venture capital trust. Its investment objectives are to achieve a total return greater than that available from direct investment in quoted businesses by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments.

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