What is Performant Financial 12-1 Month Momentum %?
12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-02), Performant Financial's 12-1 Month Momentum % is -16.61%.
The industry rank for Performant Financial's 12-1 Month Momentum % or its related term are showing as below:
PFMT's 12-1 Month Momentum % is ranked worse than 61.39% of 1062
companies
in the Business Services industry
Industry Median: 1.52
vs PFMT: -16.61
Competitive Comparison of Performant Financial's 12-1 Month Momentum %
For the Specialty Business Services subindustry, Performant Financial's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.
Performant Financial's 12-1 Month Momentum % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Performant Financial's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Performant Financial's 12-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Performant Financial 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Performant Financial's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Performant Financial (Performant Financial) Business Description
Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States. The company provides its services on an outsourced basis where it handles many or all aspects of its clients' recovery processes. It uses technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. The services are primarily offered across a broad range of government and private clients in several markets. The revenue generated here is generally on success-based as it earns fees based on a percentage of the aggregate amount of funds that it enables the clients to recover.
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