Gabelli Global Utility &ome Trust (Gabelli Global Utility &ome Trust) Momentum Rank : 5 (As of Apr. 28, 2024)

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What is Gabelli Global Utility &ome Trust Momentum Rank?

Gabelli Global Utility &ome Trust has the Momentum Rank of 5.

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 Gabelli Global Utility &ome Trust's Momentum Rank

For the Asset Management subindustry, Gabelli Global Utility &ome Trust'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.

Gabelli Global Utility &ome Trust's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Global Utility &ome Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Gabelli Global Utility &ome Trust's Momentum Rank falls into.

Gabelli Global Utility &ome Trust Momentum Rank Related Terms

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Gabelli Global Utility &ome Trust (Gabelli Global Utility &ome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Global Utility & Income Trust (AMEX:GLU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GLU.PRB.PFD:USA GLU.PRA.PFD:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Global Utility & Income Trust is a non-diversified, closed-end management investment company. The Fund's objective is to seek a consistent level of after-tax total return. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends.

Executives

Mario J Gabelli	officer: Chairman and CIO	191 MASON STREET, GREENWICH CT 06830
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Calgary Avansino	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn	director
Leslie Fahrenkopf Foley	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Agnes Mullady	officer: Treasurer	ONE CORPORATE CENTER, RYE NY 10580
Bruce N Alpert	officer: President	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Urso Mario D	director	65 EATON SQUARE, LONDON SW UK X0 041101225
Anthony J Colavita	director	ONE CORPORATE CENTER, RYE NY 10580
Salvatore M Salibello	director	ONE CORPORATE CENTER, RYE NY 10580
James E Mckee	officer: Secretary	C/O GABELLI ASSET MANAGEMENT INC, ONE CORPORATE CENTER, RYE NY 16580
Vincent D Enright	director	ONE CORPORATE CENTER, RYE NY 10580
Karl Otto Pohl	director	ONE CORPORATE CENTER, RYE NY 10580

Gabelli Global Utility &ome Trust (Gabelli Global Utility &ome Trust) Headlines

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