Gabelli Healthcare & WellnessRx Trust (Gabelli Healthcare & WellnessRx Trust) 12-1 Month Momentum % : -1.82% (As of Apr. 26, 2024)

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What is Gabelli Healthcare & WellnessRx Trust 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 (2024-04-26), Gabelli Healthcare & WellnessRx Trust's 12-1 Month Momentum % is -1.82%.

The industry rank for Gabelli Healthcare & WellnessRx Trust's 12-1 Month Momentum % or its related term are showing as below:

GRXpB.PFD's 12-1 Month Momentum % is ranked worse than
59.13% of 1742 companies
in the Asset Management industry
Industry Median: 1.71 vs GRXpB.PFD: -1.82

Competitive Comparison of Gabelli Healthcare & WellnessRx Trust's 12-1 Month Momentum %

For the Asset Management subindustry, Gabelli Healthcare & WellnessRx Trust'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.

Gabelli Healthcare & WellnessRx Trust's 12-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Healthcare & WellnessRx Trust's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Gabelli Healthcare & WellnessRx Trust's 12-1 Month Momentum % falls into.

Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) 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.

Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) 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.

Gabelli Healthcare & WellnessRx Trust 12-1 Month Momentum % Related Terms

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Gabelli Healthcare & WellnessRx Trust (Gabelli Healthcare & WellnessRx Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

GRX:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Healthcare & WellnessRx Trust operates as a diversified closed-end management investment company. The investment objective of the fund is the long-term growth of capital. The fund invests at least 80% of its assets in equity securities and income-producing securities of domestic & foreign companies in the healthcare and wellness industries. It invests in various sectors, of which Health Care Providers & Services, Food, Health Care Equipment and Supplies, and Pharmaceuticals account for the majority of the weightage.