Firsthand Technology Value Fund (Firsthand Technology Value Fund) Momentum Rank : 1 (As of May. 22, 2024)

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What is Firsthand Technology Value Fund Momentum Rank?

Firsthand Technology Value Fund 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 Firsthand Technology Value Fund's Momentum Rank

For the Asset Management subindustry, Firsthand Technology Value 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.

Firsthand Technology Value Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Firsthand Technology Value Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Firsthand Technology Value Fund's Momentum Rank falls into.

Firsthand Technology Value Fund Momentum Rank Related Terms

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Firsthand Technology Value Fund (Firsthand Technology Value Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Firsthand Technology Value Fund Inc (NAS:SVVC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Almaden Boulevard, Suite 1250, San Jose, CA, USA, 95113

Website

https://www.firsthandtvf.com

Firsthand Technology Value Fund Inc is an externally managed, non-diversified, closed-end management investment company. The Fund's investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments.

Executives

Star Equity Fund, Lp	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Fund Gp, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Investment Management Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Jeffrey E. Eberwein	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Holdings, Inc.	10 percent owner	53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Star Value, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Kevin M Landis	director, officer: President	150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Greg Burglin	director	150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Mark F Fitzgerald	director	PO BOX 1168, GENOA NV 89411-1168
Kimun Lee	director	150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Investors, Llp Bulldog	10 percent owner	PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Omar Billawala	officer: CFO	150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Nicholas P Petredis	director	150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Steady Gain Partners Lp	10 percent owner	2000 ROYAL COURT, UNIT 2315, NORTH HILLS NY 11040
Full Value Offshore Fund, Ltd.	10 percent owner	C.O MAPLES CORPORATE SERVICES LIMITED, P.O. BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104