WhiteHorse Finance (FRA:M9X) Momentum Rank : 7 (As of Jun. 09, 2024)

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What is WhiteHorse Finance Momentum Rank?

WhiteHorse Finance has the Momentum Rank of 7.

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 WhiteHorse Finance's Momentum Rank

For the Asset Management subindustry, WhiteHorse Finance'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.

WhiteHorse Finance's Momentum Rank Distribution in the Asset Management Industry

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

* The bar in red indicates where WhiteHorse Finance's Momentum Rank falls into.

WhiteHorse Finance Momentum Rank Related Terms

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WhiteHorse Finance (FRA:M9X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » WhiteHorse Finance Inc (FRA:M9X) » Definitions » Momentum Rank

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Traded in Other Exchanges

WHF:USA

Address

1450 Brickell Avenue, 31st Floor, Miami, FL, USA, 33131

Website

https://www.whitehorsefinance.com

WhiteHorse Finance Inc is a non-diversified, closed-end management investment company. It makes debt investments in privately held; small-cap companies located in United States. Its investment objective is to generate attractive risk-adjusted returns for investors, primarily by originating senior secured loans to privately held small-cap companies across a broad range of industries.

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