Pershing Square Holdings (XAMS:PSH) Momentum Rank : 1 (As of May. 05, 2024)

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What is Pershing Square Holdings Momentum Rank?

Pershing Square Holdings has the Momentum Rank of 1.

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 Pershing Square Holdings's Momentum Rank

For the Asset Management subindustry, Pershing Square Holdings'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.

Pershing Square Holdings's Momentum Rank Distribution in the Asset Management Industry

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

* The bar in red indicates where Pershing Square Holdings's Momentum Rank falls into.

Pershing Square Holdings Momentum Rank Related Terms

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Pershing Square Holdings (XAMS:PSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pershing Square Holdings Ltd (XAMS:PSH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PSHl:UK PSH:UK

Address

Les Banques, P.O. Box 255, Trafalgar Court, Channel Islands, Saint Peter Port, GGY, GY1 3QL

Website

https://www.pershingsquareholdings.com

Pershing Square Holdings Ltd is an open-ended investment scheme. The company's investment objective is to preserve capital and to seek maximum, long-term capital appreciation commensurate with reasonable risk. It seeks to achieve its investment objective through long and occasionally short positions in equity or debt securities of public U.S. and non-U.S. issuers, derivative instruments, and other financial instruments.