This file was created by CMPT_ME_PRIOR_RETS using the 202412 CRSP database.  It
contains a momentum factor, constructed from six value-weight portfolios formed
using independent sorts on size and prior return of NYSE, AMEX, and NASDAQ stocks.
LT_Rev is the average of the returns on two (big and small) low prior return portfolios
minus the average of the returns on two high prior return portfolios.  The portfolios
are constructed monthly.  Big means a firm is above the median market cap on the NYSE
at the end of the previous month; small firms are below the median NYSE market cap.
Prior return is measured from month -60 to -13.  Firms in the low prior return
portfolio are below the 30th NYSE percentile.  Those in the high portfolio are above
the 70th NYSE percentile.

Missing data are indicated by -99.99 or -999.

          LT_Rev
193101   1.11
193102   1.99
193103   4.61
193104  -1.62
193105  -2.64
193106   3.38
193107   4.20
193108  -3.48
193109  -7.01
193110   5.85
193111   0.84
193112  -6.12
193201   6.66
193202   0.32
193203   1.25
193204   0.38
193205   9.78
193206  -2.85
193207  17.50
193208  20.83
193209  -8.10
193210  -8.21
193211  -6.60
193212  -8.83
193301   2.32
193302  -3.31
193303   5.87
193304  36.82
193305  32.13
193306  10.36
193307   1.50
193308   2.63
193309 -13.76
193310  -6.34
193311   2.12
193312  -0.47
193401  25.53
193402   1.85
193403  -1.89
193404  -3.86
193405  -7.27
193406  -4.53
193407 -13.77
193408   5.54
193409   0.12
193410  -4.08
193411   2.53
193412  -1.90
193501  -2.40
193502  -8.53
193503  -0.37
193504   5.51
193505   2.08
193506   0.18
193507   9.99
193508  10.40
193509  -0.09
193510   5.57
193511   7.71
193512   1.13
193601  12.38
193602   1.75
193603  -1.45
193604  -6.77
193605   3.21
193606  -2.49
193607   4.55
193608   2.56
193609  -0.99
193610   1.60
193611  -2.31
193612   3.38
193701   1.07
193702  -0.15
193703  -1.82
193704  -0.25
193705  -2.73
193706   0.76
193707  -1.23
193708  -2.24
193709  -3.55
193710   2.44
193711   2.76
193712   1.33
193801  -0.45
193802  -3.70
193803   7.94
193804  -3.32
193805   3.87
193806 -12.30
193807  -2.79
193808  -3.14
193809  -0.65
193810   5.42
193811  -3.04
193812  -1.29
193901  -1.08
193902   2.41
193903  -7.37
193904   1.07
193905  -0.07
193906  -5.04
193907   1.45
193908  -0.32
193909  14.98
193910  -3.89
193911  -3.88
193912  -1.65
194001   3.68
194002  -1.19
194003  -1.20
194004   1.33
194005  -3.21
194006   1.67
194007  -1.41
194008  -1.80
194009  -1.59
194010   0.86
194011  -5.03
194012  -2.94
194101   2.85
194102  -1.65
194103   0.61
194104  -0.60
194105  -0.28
194106  -1.01
194107   8.62
194108  -1.66
194109  -3.54
194110  -3.41
194111  -1.85
194112  -5.98
194201  14.48
194202   1.19
194203  -0.06
194204  -0.08
194205  -3.59
194206  -0.15
194207   3.45
194208   0.06
194209   3.11
194210   8.81
194211  -3.21
194212   1.59
194301  12.20
194302   9.66
194303   5.02
194304   4.61
194305   5.61
194306  -1.26
194307  -2.15
194308  -0.76
194309   2.99
194310  -1.70
194311  -4.20
194312   3.32
194401   2.57
194402  -0.40
194403   1.52
194404  -0.56
194405  -0.33
194406   0.50
194407   1.35
194408   0.64
194409   0.17
194410  -0.84
194411  -2.32
194412  -0.31
194501   0.53
194502  -0.08
194503   0.22
194504  -1.90
194505  -0.80
194506   1.10
194507   1.86
194508  -0.47
194509  -1.89
194510  -3.73
194511  -3.87
194512  -1.63
194601   1.17
194602   2.07
194603  -2.90
194604  -0.69
194605  -2.14
194606   1.59
194607   1.82
194608   2.28
194609   5.73
194610   1.32
194611   3.50
194612   0.28
194701  -0.31
194702   0.40
194703   3.03
194704   5.13
194705   3.23
194706  -2.30
194707  -3.71
194708   2.34
194709  -0.28
194710  -0.98
194711   1.76
194712  -0.11
194801   1.14
194802   2.56
194803  -1.49
194804   0.34
194805  -0.64
194806   1.46
194807   1.44
194808  -1.03
194809   1.20
194810   0.50
194811   0.71
194812   0.74
194901   0.89
194902   1.02
194903  -0.32
194904  -0.12
194905   1.21
194906  -0.84
194907  -0.36
194908  -1.48
194909  -0.60
194910  -0.13
194911  -1.83
194912   3.52
195001   2.30
195002   0.08
195003  -0.69
195004   2.86
195005  -3.00
195006  -3.17
195007   7.51
195008  -2.98
195009   0.29
195010  -0.56
195011   0.84
195012   7.38
195101   2.58
195102  -3.25
195103  -2.87
195104  -0.33
195105  -1.68
195106  -4.57
195107   1.05
195108  -0.54
195109   1.32
195110  -0.46
195111  -0.36
195112  -2.14
195201  -1.03
195202   0.91
195203  -2.38
195204   1.83
195205  -1.83
195206  -1.68
195207  -0.62
195208   0.42
195209   0.92
195210   0.46
195211  -0.80
195212  -0.71
195301   1.42
195302   0.95
195303   1.05
195304   1.88
195305  -1.31
195306  -0.85
195307  -0.62
195308   0.90
195309  -0.39
195310  -3.34
195311  -0.67
195312  -1.18
195401  -0.35
195402  -0.92
195403  -2.23
195404  -3.09
195405  -1.14
195406  -1.09
195407   0.55
195408   0.06
195409  -3.29
195410  -0.96
195411  -1.71
195412  -0.09
195501  -1.01
195502  -1.96
195503   0.02
195504   0.00
195505  -0.08
195506  -3.24
195507  -0.34
195508   0.10
195509   0.21
195510   0.00
195511  -3.13
195512  -0.45
195601   1.15
195602  -1.71
195603  -2.85
195604  -1.45
195605   0.22
195606  -1.42
195607  -1.89
195608   0.64
195609   0.98
195610  -0.41
195611   2.41
195612  -1.31
195701   4.96
195702   1.11
195703  -0.60
195704  -1.87
195705  -2.08
195706  -1.56
195707  -0.51
195708   2.07
195709   2.49
195710  -0.15
195711  -0.78
195712   1.68
195801   2.44
195802   0.73
195803  -0.70
195804   1.11
195805   0.30
195806  -0.67
195807  -2.19
195808   0.71
195809  -0.62
195810  -0.97
195811  -0.35
195812  -0.30
195901   1.87
195902   0.38
195903  -0.45
195904  -0.43
195905   0.91
195906  -0.02
195907  -0.38
195908  -1.12
195909  -0.18
195910  -0.05
195911  -0.37
195912  -0.51
196001   0.92
196002  -0.80
196003  -1.42
196004  -1.19
196005  -3.50
196006  -0.12
196007   0.27
196008   1.09
196009   1.31
196010   1.25
196011  -2.58
196012  -0.57
196101   3.73
196102  -2.73
196103  -3.01
196104   0.76
196105   0.78
196106  -1.73
196107  -0.31
196108  -1.59
196109  -2.86
196110  -0.49
196111  -2.56
196112   3.38
196201   6.62
196202   1.13
196203  -1.14
196204   0.59
196205   3.42
196206   1.74
196207  -2.27
196208  -1.10
196209   1.73
196210   0.83
196211   0.79
196212  -0.39
196301   1.61
196302   0.72
196303   1.24
196304   1.04
196305   2.41
196306  -0.31
196307  -1.11
196308   1.58
196309  -0.17
196310  -0.21
196311  -0.01
196312  -0.01
196401   0.04
196402   1.20
196403   3.87
196404  -2.54
196405  -0.10
196406  -0.50
196407  -0.06
196408  -0.66
196409   3.66
196410  -0.60
196411  -1.47
196412  -1.58
196501   2.24
196502   2.89
196503   0.64
196504   0.19
196505   0.03
196506  -1.81
196507   1.59
196508   1.67
196509   2.00
196510   0.94
196511   1.04
196512  -0.29
196601   1.49
196602   1.36
196603   0.63
196604   1.43
196605  -0.93
196606   1.40
196607  -0.41
196608   2.25
196609  -1.30
196610   0.04
196611  -0.17
196612   0.43
196701   0.75
196702   2.11
196703  -0.77
196704  -3.53
196705  -0.24
196706  -0.36
196707  -1.71
196708   0.31
196709  -0.92
196710   0.27
196711  -2.18
196712   2.06
196801   5.95
196802   2.68
196803  -2.42
196804  -4.86
196805  -1.86
196806   2.76
196807   6.31
196808   0.77
196809   0.04
196810   2.72
196811  -2.16
196812  -0.91
196901   2.40
196902   2.32
196903  -0.01
196904   0.09
196905   1.36
196906   1.46
196907   2.97
196908  -4.63
196909  -1.13
196910  -1.72
196911  -0.50
196912   0.09
197001   4.11
197002   1.57
197003   5.16
197004   6.85
197005   3.83
197006   3.19
197007   1.49
197008  -0.85
197009  -7.56
197010   0.77
197011   2.05
197012   1.23
197101   0.80
197102  -0.21
197103  -1.98
197104   2.02
197105  -0.66
197106  -1.15
197107  -2.93
197108   1.97
197109  -1.75
197110  -0.02
197111  -0.89
197112   0.70
197201   2.85
197202  -1.42
197203  -1.63
197204  -0.32
197205  -1.22
197206  -1.11
197207  -0.24
197208   3.08
197209  -1.29
197210   0.18
197211   1.38
197212  -2.29
197301  -0.02
197302  -0.17
197303   0.89
197304   2.49
197305  -2.47
197306  -0.40
197307   0.40
197308   0.28
197309   5.73
197310   2.32
197311  -2.37
197312   2.52
197401   7.66
197402   4.50
197403  -0.26
197404   1.27
197405  -3.02
197406  -1.88
197407   3.32
197408   2.02
197409   1.24
197410  -5.20
197411   0.02
197412  -4.00
197501  14.51
197502   0.08
197503   4.86
197504  -1.99
197505   2.05
197506   2.50
197507   0.78
197508  -2.37
197509  -1.40
197510   0.75
197511   2.25
197512  -0.32
197601   9.15
197602   4.90
197603   0.30
197604  -1.81
197605  -3.43
197606   1.69
197607   0.40
197608   0.29
197609  -0.42
197610  -1.59
197611   1.19
197612   2.85
197701   0.88
197702  -1.47
197703  -0.76
197704   0.22
197705   0.26
197706   3.23
197707   1.47
197708   3.40
197709   0.53
197710  -1.07
197711   3.32
197712  -1.70
197801   1.49
197802  -0.68
197803   0.75
197804   1.92
197805  -0.17
197806   0.06
197807   0.57
197808  -0.55
197809  -0.72
197810  -0.11
197811  -0.77
197812   0.24
197901  -0.65
197902   0.93
197903  -0.39
197904  -0.42
197905   0.71
197906  -2.73
197907  -2.01
197908  -1.67
197909   0.13
197910   1.54
197911  -2.27
197912  -0.37
198001  -0.69
198002   0.00
198003   2.52
198004  -0.05
198005   0.83
198006  -2.80
198007  -1.61
198008  -1.54
198009  -1.72
198010  -2.73
198011  -7.87
198012   3.45
198101   7.56
198102   2.57
198103   1.54
198104   2.74
198105   1.59
198106   0.99
198107  -3.48
198108   1.30
198109   5.13
198110  -4.93
198111   0.64
198112   1.40
198201   6.34
198202   5.95
198203   3.92
198204  -1.68
198205   1.48
198206   1.95
198207   2.21
198208  -0.91
198209  -0.53
198210  -0.69
198211   1.03
198212   0.97
198301   0.12
198302  -0.37
198303   0.96
198304   3.10
198305  -2.03
198306  -0.83
198307   1.12
198308  -0.21
198309   0.77
198310   1.16
198311  -1.25
198312   1.30
198401   4.24
198402   0.22
198403   0.80
198404  -1.65
198405  -0.29
198406  -3.58
198407  -1.55
198408  -1.81
198409   1.75
198410  -1.70
198411   1.07
198412  -3.11
198501  -1.83
198502  -0.08
198503  -0.92
198504   0.17
198505  -3.99
198506  -2.42
198507   1.62
198508   0.01
198509  -0.80
198510  -2.49
198511  -2.22
198512  -3.09
198601  -2.75
198602  -3.62
198603  -2.66
198604  -1.24
198605  -1.49
198606  -6.40
198607  -3.84
198608   4.75
198609   3.91
198610   0.72
198611   0.24
198612   0.58
198701   3.19
198702  -0.12
198703   4.33
198704   3.68
198705   1.99
198706  -1.30
198707   2.24
198708  -2.84
198709   2.98
198710  -5.80
198711  -0.20
198712   2.74
198801  -1.61
198802   1.34
198803   1.24
198804   0.47
198805  -0.05
198806   1.86
198807  -1.35
198808  -1.96
198809  -2.00
198810  -0.25
198811  -0.80
198812   0.79
198901   2.83
198902   0.93
198903   0.55
198904  -1.06
198905  -1.72
198906  -0.65
198907  -1.77
198908   0.15
198909  -2.82
198910  -3.53
198911  -1.25
198912  -0.82
199001   3.48
199002   1.91
199003  -0.24
199004  -1.18
199005   0.99
199006  -1.48
199007  -1.88
199008   1.56
199009   0.37
199010  -3.38
199011  -0.63
199012  -2.08
199101   6.31
199102   1.13
199103  -0.45
199104  -1.22
199105   1.37
199106  -1.76
199107   0.72
199108  -0.50
199109  -0.73
199110   2.35
199111  -2.75
199112  -0.90
199201   9.44
199202   5.27
199203   1.42
199204   0.78
199205  -0.50
199206   1.21
199207  -1.36
199208  -4.11
199209   0.09
199210  -0.90
199211   0.32
199212   0.85
199301   5.55
199302   4.21
199303   1.88
199304   2.37
199305   1.32
199306   1.72
199307   1.01
199308   1.11
199309   0.62
199310   1.67
199311   1.53
199312   0.40
199401   3.83
199402  -0.12
199403   0.62
199404   0.19
199405   1.65
199406   0.47
199407   0.51
199408   2.28
199409   1.67
199410   0.67
199411  -1.61
199412   0.21
199501  -0.55
199502  -1.02
199503   1.23
199504   0.37
199505  -1.14
199506  -1.76
199507  -0.86
199508  -1.13
199509  -0.97
199510   0.61
199511   0.75
199512   3.99
199601   1.27
199602  -1.29
199603  -0.25
199604  -0.72
199605   1.24
199606  -0.15
199607  -0.01
199608  -1.59
199609  -2.13
199610   0.09
199611  -2.46
199612  -0.57
199701  -1.55
199702   0.89
199703   2.09
199704  -3.86
199705  -2.15
199706   0.18
199707  -1.16
199708   3.18
199709  -0.41
199710   0.43
199711   1.08
199712   0.10
199801  -0.91
199802  -1.29
199803   2.22
199804  -0.87
199805   1.42
199806  -0.76
199807   0.27
199808   4.63
199809   0.33
199810  -4.25
199811  -0.44
199812  -0.97
199901   1.04
199902   0.38
199903  -1.21
199904   5.46
199905   3.41
199906   0.59
199907   1.87
199908  -1.82
199909   0.39
199910  -2.86
199911   4.84
199912   5.50
200001   1.67
200002   7.33
200003  -5.15
200004   0.28
200005  -1.67
200006   2.40
200007  -3.06
200008   1.21
200009  -2.60
200010  -0.93
200011   0.48
200012   2.75
200101  -2.57
200102  10.99
200103   3.71
200104  -3.75
200105   3.76
200106   1.81
200107   2.82
200108   5.89
200109   0.01
200110  -1.53
200111   0.40
200112   1.11
200201   3.30
200202   4.07
200203   2.08
200204   5.96
200205   2.35
200206   2.09
200207  -3.04
200208  -0.54
200209  -0.68
200210  -0.20
200211   4.22
200212   2.05
200301   0.31
200302  -1.85
200303  -2.75
200304  -0.82
200305   3.53
200306   1.20
200307   0.80
200308  -0.47
200309   1.10
200310   2.00
200311   1.92
200312   1.92
200401   2.01
200402  -2.93
200403  -1.77
200404  -2.23
200405   0.88
200406   1.76
200407  -2.53
200408  -2.91
200409  -1.34
200410   0.93
200411  -1.12
200412   0.88
200501  -2.97
200502  -1.44
200503  -0.69
200504  -1.44
200505   0.60
200506  -1.55
200507   0.88
200508   0.41
200509  -0.07
200510  -0.93
200511   0.27
200512  -0.89
200601   1.20
200602   1.30
200603   0.51
200604  -0.37
200605  -0.14
200606  -1.10
200607   1.43
200608   2.99
200609   1.78
200610  -0.51
200611  -1.91
200612   1.93
200701  -0.72
200702  -0.68
200703  -1.14
200704   0.31
200705  -2.48
200706  -0.16
200707  -2.06
200708  -0.11
200709  -2.81
200710  -1.57
200711   0.64
200712  -1.89
200801   1.79
200802  -2.09
200803   2.85
200804  -4.53
200805  -4.45
200806  -3.17
200807   7.59
200808   1.39
200809   5.78
200810   2.23
200811  -2.54
200812   0.11
200901  -6.97
200902   1.16
200903   3.57
200904  -0.33
200905  -1.48
200906   1.31
200907   5.05
200908   5.62
200909  -1.68
200910  -4.90
200911   1.39
200912   0.71
201001   1.63
201002   2.62
201003   4.41
201004   4.81
201005  -3.07
201006  -5.47
201007   0.76
201008  -3.85
201009   1.93
201010  -2.27
201011  -0.93
201012   4.71
201101   0.88
201102   1.14
201103  -2.00
201104  -2.21
201105  -2.43
201106  -1.96
201107  -2.49
201108  -6.31
201109  -5.15
201110   3.65
201111  -3.48
201112   2.09
201201   1.58
201202   1.73
201203   2.73
201204  -1.87
201205  -1.75
201206   1.66
201207  -1.96
201208   1.87
201209   1.79
201210   1.06
201211  -0.68
201212   3.76
201301   3.34
201302   0.04
201303   1.29
201304  -0.36
201305   3.34
201306  -0.64
201307   1.66
201308  -1.35
201309   0.02
201310   0.30
201311   0.35
201312  -1.05
201401   1.16
201402  -1.30
201403   2.91
201404   0.13
201405  -0.70
201406   0.40
201407   0.28
201408  -1.35
201409  -1.09
201410  -3.22
201411  -1.57
201412   0.46
201501  -3.34
201502  -2.04
201503  -2.52
201504   1.20
201505  -0.81
201506  -0.98
201507  -1.60
201508   1.25
201509   0.07
201510  -0.68
201511  -0.07
201512  -2.45
201601  -1.10
201602   0.67
201603   4.11
201604   4.94
201605  -2.22
201606   1.40
201607  -0.22
201608   0.69
201609   1.76
201610  -0.97
201611   2.18
201612  -2.72
201701  -1.27
201702  -3.33
201703  -1.23
201704  -3.64
201705  -2.65
201706  -0.65
201707   0.61
201708  -1.98
201709   0.58
201710  -1.82
201711   0.77
201712   2.07
201801  -1.91
201802  -3.38
201803   1.95
201804   2.90
201805  -0.23
201806   0.95
201807  -1.47
201808  -2.78
201809   1.85
201810  -1.63
201811  -4.02
201812  -2.83
201901   2.24
201902  -0.65
201903  -0.85
201904  -3.00
201905  -4.27
201906  -0.34
201907  -3.14
201908  -4.93
201909   2.71
201910  -3.31
201911   0.13
201912   1.28
202001  -5.18
202002  -1.63
202003  -8.53
202004   3.13
202005  -2.44
202006   1.83
202007  -0.20
202008   1.89
202009  -3.00
202010  -0.95
202011   6.16
202012  -0.72
202101   9.30
202102   4.20
202103   3.22
202104  -1.83
202105   5.36
202106  -1.78
202107  -7.40
202108  -1.00
202109   4.78
202110  -3.15
202111  -4.12
202112  -0.14
202201  11.91
202202   5.23
202203   1.41
202204   7.01
202205   5.79
202206  -2.02
202207  -6.45
202208   4.37
202209  -1.26
202210   9.08
202211  -0.67
202212   2.11
202301  -1.21
202302  -2.19
202303  -5.75
202304  -0.55
202305  -3.96
202306   0.14
202307   3.19
202308  -2.49
202309  -0.05
202310  -2.02
202311   0.98
202312   0.21
202401   0.82
202402   0.61
202403   0.13
202404  -2.25
202405  -2.28
202406  -2.40
202407   1.74
202408   0.98
202409  -0.10
202410   2.21
202411   0.57
202412  -1.97

Annual Factors:
January-December 
           LT_Rev
  1931  -3.24
  1932   9.27
  1933  80.67
  1934 -11.70
  1935  40.49
  1936  17.87
  1937  -1.49
  1938 -10.35
  1939 -10.73
  1940 -10.88
  1941  -8.58
  1942  30.14
  1943  45.53
  1944   3.38
  1945 -15.38
  1946  13.91
  1947   9.18
  1948   7.30
  1949   1.03
  1950  13.39
  1951 -13.47
  1952  -4.53
  1953  -1.73
  1954 -20.83
  1955 -11.47
  1956  -5.56
  1957   4.81
  1958  -0.41
  1959  -0.56
  1960  -4.92
  1961  -8.67
  1962  11.41
  1963   7.82
  1964   1.30
  1965  13.63
  1966   5.69
  1967  -3.97
  1968  12.17
  1969   2.42
  1970  23.13
  1971  -5.40
  1972  -3.10
  1973   6.41
  1974   4.41
  1975  28.01
  1976  15.79
  1977   8.35
  1978   1.82
  1979  -8.18
  1980 -14.80
  1981  17.53
  1982  26.42
  1983   5.07
  1984  -5.10
  1985 -20.11
  1986 -12.70
  1987   8.53
  1988  -3.09
  1989 -11.45
  1990  -1.92
  1991   4.85
  1992  13.72
  1993  26.98
  1994  10.24
  1995  -0.65
  1996  -7.78
  1997  -0.65
  1998  -0.29
  1999  20.91
  2000   1.01
  2001  26.11
  2002  17.94
  2003  10.16
  2004  -9.99
  2005  -8.70
  2006   7.76
  2007 -13.14
  2008   3.74
  2009   2.46
  2010   3.68
  2011 -18.88
  2012  10.92
  2013   8.92
  2014  -3.97
  2015 -11.53
  2016   9.33
  2017 -14.64
  2018 -10.12
  2019 -18.62
  2020 -16.22
  2021   8.32
  2022  33.84
  2023 -17.45

Copyright 2024 Eugene F. Fama and Kenneth R. French
