Tortoise Power & Energy Infra Fd (Tortoise Power & Energy Infra Fd) Momentum Rank : 9 (As of May. 26, 2024)

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What is Tortoise Power & Energy Infra Fd Momentum Rank?

Tortoise Power & Energy Infra Fd has the Momentum Rank of 9.

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 Tortoise Power & Energy Infra Fd's Momentum Rank

For the Asset Management subindustry, Tortoise Power & Energy Infra Fd'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.

Tortoise Power & Energy Infra Fd's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Power & Energy Infra Fd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tortoise Power & Energy Infra Fd's Momentum Rank falls into.

Tortoise Power & Energy Infra Fd Momentum Rank Related Terms

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Tortoise Power & Energy Infra Fd (Tortoise Power & Energy Infra Fd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Power & Energy Infra Fd Inc (NYSE:TPZ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211

Website

https://www.tortoiseecofin.com

Tortoise Power & Energy Infra Fd Inc is a closed-ended fund. Its primary investment objective is to provide a high level of current income. Its secondary objective is capital appreciation. The company invests in a portfolio of fixed income and equity securities issued by power and energy infrastructure companies.

Executives

Ciccotello Conrad S	director, 10 percent owner	5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	other: Affiliate of Inv Advisor	5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens	officer: President	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: Chief Financial Officer	5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Gengler Courtney	officer: Vice President	5200 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Adam T Peltzer	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Charles E Heath	director	180801 MASTIN BLVD, OVERLAND PARK KS 66210
Lovell Minnick Partners Llc	10 percent owner, other: Control Person of Adviser	555 EAST LANCASTER AVENUE, SUITE 510, RADNOR PA 19087
James Ryan Mick	other: Member of Investment Committee	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211