SVM UK Emerging Fund (LSE:SVM) Momentum Rank : 4 (As of May. 20, 2024)

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What is SVM UK Emerging Fund Momentum Rank?

SVM UK Emerging Fund 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 SVM UK Emerging Fund's Momentum Rank

For the Asset Management subindustry, SVM UK Emerging Fund'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.

SVM UK Emerging Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SVM UK Emerging Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where SVM UK Emerging Fund's Momentum Rank falls into.

SVM UK Emerging Fund Momentum Rank Related Terms

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SVM UK Emerging Fund (LSE:SVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SVM UK Emerging Fund PLC (LSE:SVM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Castle Street, 6th Floor, Edinburgh, Midlothian, GBR, EH2 3AH

Website

https://www.svmonline.co.uk

SVM UK Emerging Fund PLC is a closed-ended investment trust. The investment objective of the company is to provide long-term capital growth from investments in smaller UK companies. It invests in sectors such as Consumer Discretionary, Real Estate, Industrials, Communication Services, Financials, Healthcare, Consumer Staples, and information Technology. It aims to outperform the IA UK All Companies Sector Average Index on a total return basis.