12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2022-08-18), Change Healthcare's 12-1 Month Momentum % is 10.47%.
The industry rank for Change Healthcare's 12-1 Month Momentum % or its related term are showing as below:
CHNG's 12-1 Month Momentum % is ranked better than 85.57% of 603
companies
in the Healthcare Providers & Services industry
Industry Median: -26.10
vs CHNG: 10.47
Competitive Comparison
For the Health Information Services subindustry, Change Healthcare'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.
Change Healthcare 12-1 Month Momentum % Distribution
For the Healthcare Providers & Services industry and Healthcare sector, Change Healthcare's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Change Healthcare'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.
Change Healthcare 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Change Healthcare's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Change Healthcare is a spin-off of various healthcare processing and consulting services acquired by McKesson over numerous years. Recently, these processing assets were contributed to a joint venture and in June 2019 public shares were issued with McKesson retaining the majority interest. As of the end of the March 2020 quarter, McKesson distributed all its interest in the public processor. Core services consist of insurance (healthcare) claim clearinghouse for healthcare payers in addition to administrative and consulting services to assist healthcare providers improve reimbursement coding, billing, and collections.
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