12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-23), Edwards Lifesciences's 12-1 Month Momentum % is 8.38%.
The industry rank for Edwards Lifesciences's 12-1 Month Momentum % or its related term are showing as below:
EW's 12-1 Month Momentum % is ranked better than 73.8% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: -16.92
vs EW: 8.38
Competitive Comparison
For the Medical Devices subindustry, Edwards Lifesciences'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.
Edwards Lifesciences 12-1 Month Momentum % Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Edwards Lifesciences's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Edwards Lifesciences'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.
Edwards Lifesciences 12-1 Month Momentum % Related Terms
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Edwards Lifesciences (Edwards Lifesciences) Business Description
Spun off from Baxter International in 2000, Edwards Lifesciences designs, manufactures, and markets a range of medical devices and equipment for advanced stages of structural heart disease. It has established itself as a leader across key products, including surgical tissue heart valves, transcatheter valve technologies, surgical clips, catheters, and monitoring systems used to measure a patient's heart function during surgery. The firm derives about 55% of its total sales from outside the U.S.
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