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Momentum

Can someone help explain the momentum characteristic under the style exposure.
Momentum - The difference in return between assets on an upswing and a downswing over 11 months.
I'm just trying to get an understanding of what this means and how it is calculated. I've been having a hard time trying to satisfy this characteristic, and I don't know what it means which makes it hard to debug....

Thanks in advance!

1 response

That description is not very clear. I believe momentum is returns measured from one year ago until one month ago.