What is AllianceBernstein Holding LP 6-1 Month Momentum %?
6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-30), AllianceBernstein Holding LP's 6-1 Month Momentum % is 21.81%.
The industry rank for AllianceBernstein Holding LP's 6-1 Month Momentum % or its related term are showing as below:
AB's 6-1 Month Momentum % is ranked better than 72.82% of 1744
companies
in the Asset Management industry
Industry Median: 12.5
vs AB: 21.81
Competitive Comparison of AllianceBernstein Holding LP's 6-1 Month Momentum %
For the Asset Management subindustry, AllianceBernstein Holding LP's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.
AllianceBernstein Holding LP's 6-1 Month Momentum % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, AllianceBernstein Holding LP's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where AllianceBernstein Holding LP's 6-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
AllianceBernstein Holding LP 6-1 Month Momentum % Related Terms
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AllianceBernstein Holding LP (AllianceBernstein Holding LP) Business Description
AllianceBernstein provides investment management services to institutional (44% of assets under management), retail (39%), and private (17%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of October 2023, AB had $652 billion in managed assets, composed primarily of fixed-income (39% of AUM) and equity (42%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary (which has been put in available-for-sale status following the joint venture agreement with Société Générale).
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