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CareRx (TSX:CRRX) 12-1 Month Momentum % : -8.85% (As of May. 12, 2024)


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What is CareRx 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 (2024-05-12), CareRx's 12-1 Month Momentum % is -8.85%.

The industry rank for CareRx's 12-1 Month Momentum % or its related term are showing as below:

TSX:CRRX's 12-1 Month Momentum % is ranked better than
52.09% of 645 companies
in the Healthcare Providers & Services industry
Industry Median: -11.28 vs TSX:CRRX: -8.85

Competitive Comparison of CareRx's 12-1 Month Momentum %

For the Medical Care Facilities subindustry, CareRx'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.


CareRx's 12-1 Month Momentum % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CareRx's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where CareRx's 12-1 Month Momentum % falls into.



CareRx  (TSX:CRRX) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* 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.


CareRx  (TSX:CRRX) 12-1 Month Momentum % Explanation

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.


CareRx 12-1 Month Momentum % Related Terms

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CareRx (TSX:CRRX) Business Description

Traded in Other Exchanges
Address
320 Bay Street, Suite 1200, Toronto, ON, CAN, M5H 4A6
CareRx Corp is a provider of specialty pharmacy services to seniors. The company is a national organization with a large network of pharmacy fulfilment centers strategically located across the country. This allows it to deliver medications in a timely and cost-effective manner and quickly respond to routine changes in medication management. It takes an active role in working with its home operator partners to promote resident health, staff education, and medication system quality and efficiency. Geographically it derives revenue from the sales of goods and capitated service fees in Ontario and Western Canada.
Executives
Kevin Dalton Director

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