RIT Capital Partners (LSE:RCP) Momentum Rank : 4 (As of May. 14, 2024)

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What is RIT Capital Partners Momentum Rank?

RIT Capital Partners 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 RIT Capital Partners's Momentum Rank

For the Asset Management subindustry, RIT Capital Partners'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.

RIT Capital Partners's Momentum Rank Distribution in the Asset Management Industry

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

* The bar in red indicates where RIT Capital Partners's Momentum Rank falls into.

RIT Capital Partners Momentum Rank Related Terms

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RIT Capital Partners (LSE:RCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RIT Capital Partners PLC (LSE:RCP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RCPl:UK

Address

27 St James's Place, London, GBR, SW1A 1NR

Website

https://www.ritcap.com

RIT Capital Partners PLC is a United Kingdom-based investment trust. Its investment objective is to facilitate long-term capital growth by obtaining a capital value that exceeds the relevant indices over time. The company invests in a diversified, international portfolio across quoted and unquoted asset classes, provided every investment has something unique to offer. Its operating segment includes RIT; JRCM and SHL. Geographically, it has a presence in Asia; the US; Europe; Japan, and other countries.

RIT Capital Partners (LSE:RCP) Headlines

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