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.
ST_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 - 1 to - 1.  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.

          ST_Rev
192602  -2.01
192603  -5.90
192604  -0.95
192605  -1.24
192606   4.01
192607  -1.87
192608   1.43
192609  -0.17
192610  -2.11
192611   1.00
192612   2.01
192701  -1.98
192702  -1.22
192703  -3.44
192704  -3.56
192705  -0.87
192706  -0.66
192707  -0.89
192708  -1.18
192709  -1.05
192710  -2.84
192711   4.52
192712  -0.16
192801   0.72
192802   0.07
192803  -5.82
192804  -0.52
192805   3.34
192806   1.00
192807  -1.66
192808   0.14
192809  -0.47
192810  -2.38
192811  -1.74
192812  -1.40
192901  -6.69
192902   0.14
192903  -2.71
192904   0.84
192905  -2.13
192906   1.31
192907  -1.50
192908  -2.01
192909   1.88
192910  -2.18
192911  -8.00
192912   1.36
193001   5.28
193002   0.05
193003   2.07
193004  -0.33
193005   3.42
193006  -6.40
193007   5.89
193008   2.25
193009  -3.68
193010  -3.69
193011   1.94
193012  -2.25
193101  16.60
193102  -2.62
193103   5.31
193104  -5.57
193105  -3.59
193106  18.00
193107   7.57
193108   1.76
193109   2.50
193110  18.53
193111   1.37
193112  -5.99
193201  16.15
193202   9.50
193203  -0.85
193204  -3.05
193205  -1.12
193206  16.13
193207  -1.88
193208 -19.07
193209   9.54
193210  -1.36
193211  -0.14
193212  -0.84
193301   7.54
193302   3.13
193303  10.72
193304 -11.64
193305  -0.31
193306  -0.29
193307   8.12
193308   8.29
193309  -0.34
193310  -1.38
193311   5.92
193312  -0.53
193401   9.66
193402   2.25
193403   1.30
193404   0.20
193405  -6.04
193406  -0.85
193407  -4.91
193408  13.35
193409   1.82
193410  -0.15
193411   2.21
193412  -2.50
193501   2.72
193502  -2.85
193503  -2.24
193504   2.82
193505   3.85
193506   2.59
193507  -0.85
193508  -3.71
193509  -0.53
193510   1.50
193511   5.60
193512  -3.16
193601  -1.34
193602   1.87
193603   1.73
193604  -0.72
193605   3.35
193606   1.27
193607   2.71
193608  -0.37
193609   1.21
193610   0.38
193611  -2.18
193612  -3.21
193701  -2.25
193702   2.37
193703  -2.86
193704   1.59
193705   0.02
193706  -2.15
193707   6.59
193708   4.10
193709  -6.24
193710  -3.67
193711  -1.63
193712  -3.14
193801   6.68
193802   4.47
193803   8.36
193804  14.02
193805   7.02
193806  23.81
193807  -3.87
193808  -1.09
193809   0.93
193810   3.59
193811   1.54
193812   2.43
193901   4.27
193902   3.93
193903   5.06
193904   3.28
193905   3.45
193906   3.56
193907  14.13
193908   7.09
193909  19.88
193910  12.98
193911  -9.06
193912  -0.90
194001   3.18
194002   2.69
194003   2.00
194004   1.93
194005  -0.50
194006   5.71
194007   2.49
194008   1.35
194009  -0.54
194010   0.30
194011   0.92
194012   2.17
194101   4.03
194102   0.49
194103   1.82
194104  -1.91
194105   0.83
194106   1.11
194107   1.39
194108   0.84
194109  -0.47
194110  -1.96
194111  -1.88
194112  -1.92
194201   9.41
194202   0.93
194203  -2.03
194204   0.72
194205  -0.37
194206   0.55
194207   2.22
194208   0.17
194209   1.24
194210  -1.39
194211   6.47
194212   2.00
194301   5.71
194302  -5.39
194303  -2.08
194304   1.25
194305  -0.29
194306   1.89
194307   0.22
194308   2.43
194309   0.56
194310   3.03
194311  -0.49
194312   8.62
194401   1.08
194402   0.27
194403  -0.16
194404   1.95
194405   2.50
194406  -1.43
194407   3.08
194408   2.29
194409   1.19
194410   0.55
194411   0.91
194412  -1.81
194501   3.34
194502   0.93
194503   3.74
194504   4.17
194505   2.11
194506   0.00
194507   3.45
194508   1.89
194509   0.06
194510  -1.09
194511  -1.83
194512   2.22
194601   1.84
194602   2.85
194603  -1.16
194604  -4.48
194605   2.07
194606   1.49
194607  -0.61
194608  -1.10
194609  -3.02
194610   1.17
194611  -0.10
194612  -0.21
194701   4.53
194702   0.78
194703   0.25
194704  -2.87
194705  -2.17
194706   0.35
194707   2.10
194708   1.51
194709  -0.64
194710   2.29
194711  -0.01
194712  -0.58
194801   4.06
194802   0.68
194803   5.98
194804  -0.28
194805   1.07
194806   1.12
194807   1.44
194808   0.55
194809   0.33
194810   2.37
194811   3.94
194812   0.09
194901   4.31
194902  -1.15
194903   2.77
194904   0.63
194905  -1.74
194906  -0.25
194907   2.60
194908   1.19
194909   0.42
194910   0.55
194911  -0.22
194912   0.63
195001   0.71
195002   1.13
195003   0.96
195004   2.01
195005  -1.00
195006   0.97
195007   0.65
195008   5.17
195009   0.37
195010   2.76
195011   1.05
195012  -5.69
195101   3.09
195102   2.47
195103  -0.36
195104   1.75
195105   1.86
195106  -2.01
195107   4.12
195108   0.17
195109   1.22
195110   2.50
195111   1.14
195112   1.45
195201   1.82
195202   1.09
195203   0.62
195204   0.37
195205   1.67
195206   0.77
195207   1.12
195208   0.35
195209  -1.17
195210   0.75
195211   1.83
195212   2.05
195301   2.14
195302  -0.57
195303   0.74
195304   0.72
195305   0.32
195306  -0.08
195307   0.75
195308   0.36
195309  -0.77
195310   0.26
195311  -0.21
195312  -1.27
195401   4.98
195402   1.27
195403   0.14
195404  -1.41
195405   2.55
195406   1.93
195407   1.20
195408   2.07
195409  -0.37
195410   0.36
195411  -0.56
195412  -0.15
195501   1.77
195502   1.70
195503   1.25
195504   1.28
195505   0.05
195506  -0.80
195507  -1.44
195508   2.52
195509   2.54
195510   0.06
195511   3.64
195512  -0.16
195601   1.03
195602   2.92
195603  -2.42
195604  -1.50
195605   1.93
195606   0.80
195607  -1.14
195608   2.07
195609  -1.38
195610   0.50
195611  -1.47
195612   0.05
195701   3.62
195702  -0.16
195703   1.07
195704  -0.59
195705   0.20
195706  -0.82
195707   0.56
195708   0.33
195709  -4.06
195710  -3.50
195711  -0.15
195712  -1.20
195801   5.48
195802   1.76
195803   1.15
195804  -0.42
195805   1.19
195806   1.95
195807   2.80
195808   1.72
195809   2.56
195810   1.35
195811   0.70
195812   1.90
195901   1.11
195902   0.57
195903   0.41
195904   0.06
195905  -0.75
195906   0.93
195907  -0.13
195908  -0.51
195909  -0.11
195910   1.17
195911  -1.70
195912   1.42
196001   3.71
196002  -0.52
196003  -0.77
196004  -2.29
196005  -3.54
196006   1.12
196007   1.07
196008  -1.37
196009  -0.04
196010  -2.13
196011   1.05
196012   0.78
196101   1.17
196102   1.32
196103   1.50
196104   1.93
196105   3.51
196106   1.32
196107   1.43
196108   1.13
196109  -1.65
196110  -1.40
196111  -0.47
196112   1.15
196201   0.94
196202   0.86
196203   0.71
196204  -0.82
196205  -0.18
196206  -2.82
196207   3.53
196208  -0.12
196209   2.42
196210  -2.07
196211   5.30
196212   5.02
196301   4.56
196302   1.54
196303   1.42
196304  -0.93
196305   0.14
196306   1.81
196307  -0.08
196308   1.30
196309   1.19
196310  -0.66
196311   1.12
196312   0.27
196401  -0.16
196402   0.19
196403   0.23
196404   3.45
196405  -1.22
196406   0.48
196407   1.82
196408  -1.11
196409   1.25
196410   1.11
196411  -0.68
196412   0.85
196501   2.95
196502  -0.51
196503   1.39
196504   0.40
196505   0.21
196506   0.39
196507   2.58
196508  -1.40
196509  -1.37
196510  -1.27
196511  -2.42
196512   2.82
196601   0.51
196602  -2.73
196603  -0.32
196604  -0.87
196605   3.48
196606   2.56
196607   1.25
196608   0.30
196609   1.04
196610  -1.53
196611   9.04
196612   0.28
196701   3.53
196702   1.30
196703   1.83
196704   0.56
196705   1.81
196706  -1.09
196707   0.21
196708   0.67
196709  -0.64
196710  -2.38
196711   0.20
196712  -0.04
196801   3.96
196802  -0.87
196803   1.54
196804  -0.74
196805  -1.96
196806   3.74
196807  -1.33
196808   0.71
196809  -0.15
196810   1.34
196811   3.29
196812   2.39
196901   2.52
196902   2.39
196903   0.29
196904  -0.96
196905   1.44
196906  -0.11
196907  -1.61
196908   3.28
196909   0.63
196910  -0.48
196911   1.04
196912  -2.86
197001  -0.26
197002   2.82
197003   0.63
197004  -4.54
197005  -3.16
197006  -0.10
197007   3.97
197008   1.52
197009   0.57
197010   6.79
197011  -0.52
197012   2.37
197101   1.88
197102   1.76
197103   0.10
197104   0.92
197105   0.53
197106  -0.99
197107   1.37
197108   5.57
197109   0.29
197110  -1.25
197111  -0.82
197112   3.65
197201  -0.58
197202  -0.10
197203   1.46
197204   0.13
197205  -0.93
197206  -1.74
197207  -2.32
197208   0.70
197209   1.48
197210  -0.93
197211   3.28
197212   3.89
197301  -1.37
197302  -2.20
197303   0.43
197304  -0.68
197305  -1.11
197306   0.11
197307   9.47
197308   1.71
197309   1.65
197310   1.82
197311  -4.67
197312   0.39
197401   9.23
197402   0.73
197403   4.12
197404  -1.39
197405  -2.72
197406  -0.95
197407   0.85
197408   2.04
197409   3.26
197410   8.72
197411  -0.30
197412  -0.38
197501  14.57
197502   4.55
197503   3.50
197504  -0.46
197505   3.76
197506   3.29
197507   1.21
197508   0.64
197509  -0.31
197510   1.56
197511  -2.52
197512   3.26
197601   2.84
197602  -2.48
197603   4.43
197604   2.13
197605  -0.77
197606   0.63
197607   1.68
197608  -2.04
197609  -0.32
197610   1.14
197611   0.54
197612   3.64
197701   0.54
197702   1.38
197703   1.03
197704  -1.22
197705  -0.32
197706   0.09
197707   1.03
197708  -0.71
197709   0.83
197710   1.76
197711   2.22
197712  -0.13
197801   1.07
197802   1.17
197803  -0.27
197804   0.22
197805   0.08
197806   1.35
197807   0.91
197808   0.87
197809   3.65
197810  -1.84
197811   9.15
197812  -0.39
197901   5.62
197902   1.31
197903   1.47
197904  -0.40
197905   1.17
197906   1.19
197907   0.60
197908   0.79
197909  -1.63
197910  -1.94
197911   1.31
197912  -1.89
198001  -3.41
198002  -4.91
198003   8.46
198004   1.40
198005   2.84
198006   2.24
198007   2.95
198008  -0.84
198009  -1.52
198010  -1.96
198011  -9.71
198012   6.38
198101  -2.29
198102  -2.33
198103   1.59
198104  -1.50
198105  -3.78
198106   4.78
198107  -0.56
198108  -0.65
198109  -1.11
198110   4.55
198111   2.67
198112   1.66
198201  -1.37
198202  -4.31
198203  -1.89
198204   1.65
198205   1.99
198206   0.15
198207  -2.88
198208   1.14
198209   4.52
198210   2.97
198211  -4.48
198212   3.80
198301   3.18
198302   2.63
198303   0.34
198304  -0.55
198305   2.73
198306   0.18
198307   2.04
198308  -0.97
198309   2.36
198310  -1.63
198311   4.94
198312   1.97
198401   0.64
198402  -2.06
198403   2.51
198404   1.61
198405   0.81
198406   0.96
198407  -1.45
198408   7.29
198409   4.28
198410  -1.21
198411  -0.67
198412   0.80
198501   2.32
198502   2.50
198503  -1.37
198504  -2.46
198505  -0.54
198506  -0.67
198507   3.62
198508   1.77
198509  -1.85
198510   0.66
198511   2.41
198512  -0.34
198601   0.84
198602  -1.69
198603  -0.07
198604   2.82
198605   1.05
198606  -2.48
198607  -2.86
198608   1.14
198609  -0.31
198610   3.58
198611   0.71
198612   0.61
198701   0.31
198702  -1.11
198703   1.81
198704  -1.90
198705  -0.30
198706   0.01
198707  -0.22
198708   2.45
198709  -0.40
198710  -0.13
198711  -0.87
198712   5.80
198801   7.91
198802   4.36
198803  -0.84
198804   0.23
198805   0.65
198806   1.87
198807   3.36
198808  -1.93
198809  -0.12
198810  -1.00
198811  -0.67
198812   2.29
198901   0.97
198902   1.07
198903  -0.89
198904  -0.65
198905  -2.74
198906   2.30
198907   1.43
198908   1.85
198909   1.17
198910  -4.32
198911  -1.75
198912  -2.56
199001   1.02
199002   0.49
199003   0.17
199004  -1.82
199005  -0.35
199006  -0.22
199007  -0.68
199008  -3.65
199009  -5.98
199010  -2.68
199011   5.85
199012  -3.01
199101  -1.93
199102   1.93
199103   0.52
199104   1.57
199105   0.08
199106   2.06
199107   2.13
199108  -2.92
199109  -0.76
199110  -1.18
199111  -0.40
199112   1.06
199201   5.22
199202  -2.90
199203  -1.09
199204  -3.38
199205  -0.16
199206   0.91
199207   2.12
199208  -1.56
199209  -1.12
199210  -0.20
199211  -1.04
199212   1.23
199301  -0.45
199302  -1.49
199303  -0.95
199304  -1.71
199305   1.49
199306   2.24
199307  -2.69
199308   1.28
199309   0.69
199310   1.90
199311  -1.39
199312   1.07
199401   1.69
199402   0.36
199403   0.09
199404  -0.38
199405   0.06
199406   0.15
199407   1.44
199408   1.44
199409  -0.77
199410  -0.22
199411  -2.01
199412   0.81
199501   4.00
199502   2.39
199503  -0.04
199504  -0.52
199505  -0.46
199506   1.23
199507  -2.12
199508   1.28
199509  -0.89
199510  -1.02
199511   0.60
199512  -0.98
199601   1.00
199602   2.17
199603  -0.11
199604   0.69
199605  -1.07
199606  -0.18
199607  -2.44
199608   2.55
199609   0.54
199610  -1.12
199611   0.21
199612   0.64
199701   2.62
199702   1.25
199703   0.88
199704   2.43
199705   2.87
199706   0.73
199707   3.87
199708  -0.16
199709   1.70
199710  -0.96
199711  -2.01
199712  -2.91
199801   5.02
199802   1.92
199803   1.84
199804   1.70
199805   0.74
199806  -1.44
199807  -2.02
199808  -2.66
199809   2.75
199810   9.85
199811   1.32
199812  -1.63
199901  -2.32
199902   2.46
199903   0.21
199904   2.37
199905   1.21
199906   1.70
199907   1.54
199908  -3.39
199909  -0.61
199910  -1.49
199911   0.43
199912 -14.01
200001   2.61
200002 -13.47
200003   9.89
200004  -2.18
200005  -8.89
200006  12.39
200007   6.51
200008   0.54
200009   2.64
200010  -4.80
200011 -14.63
200012  -6.88
200101  16.21
200102  12.19
200103  -7.54
200104   9.87
200105   3.80
200106   0.60
200107   1.38
200108  -3.90
200109  -4.96
200110  14.84
200111  -3.13
200112   1.68
200201   2.13
200202   0.05
200203   2.75
200204   2.11
200205  -2.68
200206  -3.58
200207   1.28
200208   1.52
200209  -1.77
200210   7.39
200211   0.18
200212  10.74
200301   0.28
200302  -0.69
200303   0.03
200304   3.00
200305  -1.52
200306  -0.11
200307   2.49
200308  -1.50
200309   4.62
200310   2.17
200311  -1.57
200312   1.84
200401   2.32
200402   1.55
200403  -2.16
200404  -0.20
200405   2.28
200406   0.32
200407  -1.41
200408  -2.39
200409   3.10
200410   0.25
200411   1.53
200412   0.94
200501   1.46
200502  -2.45
200503   0.09
200504  -1.84
200505   3.17
200506   0.03
200507  -0.17
200508  -1.37
200509  -3.69
200510   1.61
200511   0.10
200512   2.04
200601  -1.00
200602   3.39
200603  -0.08
200604  -0.33
200605  -0.04
200606  -0.57
200607   0.22
200608   1.77
200609   0.76
200610  -0.26
200611  -0.91
200612   2.41
200701   1.09
200702   0.18
200703  -2.05
200704  -0.31
200705  -0.99
200706  -0.65
200707  -3.59
200708  -2.61
200709   0.36
200710  -3.96
200711  -1.69
200712  -2.05
200801   6.93
200802   5.05
200803  -0.37
200804   3.13
200805  -2.28
200806  -7.09
200807   7.94
200808  -0.51
200809  -3.75
200810  -9.37
200811  -9.99
200812   5.46
200901   0.18
200902  -7.01
200903   3.04
200904  -6.52
200905  -2.71
200906   4.80
200907   4.43
200908  -2.08
200909   1.12
200910   2.14
200911   0.45
200912   1.47
201001   3.64
201002   1.63
201003   0.80
201004  -1.86
201005   0.52
201006  -4.87
201007   4.11
201008   1.00
201009   3.29
201010  -1.34
201011  -0.95
201012   2.27
201101  -0.09
201102  -0.69
201103  -0.86
201104  -1.08
201105  -1.22
201106  -0.93
201107  -1.07
201108  -1.35
201109  -9.57
201110  12.21
201111   1.25
201112  -1.54
201201   6.52
201202  -0.34
201203  -0.80
201204  -0.46
201205  -3.34
201206  -0.79
201207   1.47
201208   3.03
201209  -0.19
201210   0.25
201211   0.91
201212   0.18
201301  -1.42
201302  -1.19
201303  -1.86
201304  -1.19
201305   1.64
201306   0.50
201307   1.95
201308  -0.82
201309  -0.46
201310  -0.13
201311   0.67
201312   1.35
201401   0.33
201402  -0.20
201403   2.66
201404  -2.10
201405   0.47
201406  -0.52
201407   2.66
201408   1.61
201409  -0.19
201410  -2.60
201411  -3.29
201412  -1.01
201501  -0.42
201502   3.54
201503  -0.12
201504   4.12
201505   2.40
201506  -3.59
201507  -4.94
201508   1.52
201509  -3.19
201510   0.91
201511   0.11
201512   1.13
201601  -2.85
201602  -0.92
201603   1.53
201604   0.43
201605   0.12
201606   1.46
201607   4.50
201608  -0.34
201609   0.03
201610   2.55
201611   0.30
201612  -1.18
201701   3.34
201702  -1.05
201703  -0.84
201704  -2.12
201705  -3.36
201706   4.09
201707   2.02
201708  -0.35
201709   2.79
201710  -0.74
201711   0.44
201712  -0.74
201801   0.66
201802  -1.03
201803   0.31
201804  -0.81
201805  -0.12
201806   0.65
201807   1.75
201808   1.53
201809   0.09
201810   1.25
201811   1.23
201812  -1.60
201901   8.11
201902  -0.17
201903   0.07
201904   0.85
201905   0.79
201906   3.81
201907  -0.20
201908  -2.38
201909   5.07
201910  -0.40
201911  -0.16
201912   0.66
202001   2.56
202002  -2.44
202003 -11.63
202004  15.77
202005  -3.29
202006  -1.92
202007  -3.25
202008  -2.29
202009   0.42
202010   0.62
202011   3.08
202012  -3.11
202101   0.68
202102   4.49
202103  -0.89
202104   1.32
202105   1.37
202106   3.10
202107  -0.72
202108  -1.51
202109   0.74
202110  -1.61
202111  -2.70
202112  -0.16
202201  -4.92
202202  -3.32
202203  -0.03
202204  -1.99
202205  -2.07
202206   1.64
202207   6.37
202208   1.65
202209  -1.69
202210   0.35
202211   0.55
202212  -3.39
202301   9.47
202302  -1.34
202303  -2.48
202304  -0.76
202305   4.04
202306   0.83
202307  -1.84
202308   2.25
202309  -2.68
202310  -2.57
202311   3.28
202312  -4.09
202401   2.21
202402  -1.59
202403   0.17
202404  -3.81
202405  -1.71
202406  -1.95
202407   3.47
202408  -0.17
202409   0.56
202410  -1.38
202411  -4.58
202412   0.33

Annual Factors:
January-December 
           ST_Rev
  1927 -17.69
  1928 -10.83
  1929 -14.96
  1930  -0.86
  1931  24.21
  1932  30.46
  1933  75.65
  1934  14.10
  1935   8.66
  1936   6.01
  1937  -6.73
  1938  90.44
  1939  65.52
  1940  19.22
  1941   1.68
  1942  24.21
  1943  21.80
  1944  14.35
  1945  28.20
  1946  -1.39
  1947   4.85
  1948  21.30
  1949  10.94
  1950  12.51
  1951  19.47
  1952  12.21
  1953   2.29
  1954  18.39
  1955  14.94
  1956   1.65
  1957  -4.58
  1958  33.34
  1959   2.89
  1960  -2.83
  1961  13.44
  1962   9.90
  1963  13.46
  1964   7.09
  1965   5.15
  1966  12.37
  1967   9.20
  1968  14.27
  1969   4.44
  1970   7.52
  1971  14.38
  1972   4.26
  1973   1.41
  1974  16.02
  1975  45.03
  1976  15.49
  1977   7.70
  1978  17.51
  1979   9.73
  1980   5.63
  1981   2.47
  1982   0.81
  1983  20.84
  1984  12.71
  1985   7.18
  1986   2.83
  1987   4.77
  1988  18.10
  1989  -5.02
  1990 -11.44
  1991   3.82
  1992  -2.58
  1993  -0.19
  1994   2.37
  1995   4.61
  1996   2.94
  1997  12.08
  1998  16.55
  1999 -14.23
  2000 -16.16
  2001  37.77
  2002  14.66
  2003  12.32
  2004   6.57
  2005  -1.27
  2006   6.24
  2007 -16.39
  2008  -5.43
  2009  -1.22
  2010   9.17
  2011  -7.63
  2012   6.69
  2013  -1.42
  2014  -2.14
  2015   0.98
  2016   6.06
  2017   3.81
  2018   3.35
  2019  19.23
  2020 -13.00
  2021   4.57
  2022  -6.36
  2023   4.06

Copyright 2024 Eugene F. Fama and Kenneth R. French
