Cardinal Health (FRA:CLH) 6-1 Month Momentum % : 16.41% (As of Apr. 26, 2024)

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What is Cardinal Health 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-26), Cardinal Health's 6-1 Month Momentum % is 16.41%.

The industry rank for Cardinal Health's 6-1 Month Momentum % or its related term are showing as below:

FRA:CLH's 6-1 Month Momentum % is ranked better than
73.27% of 101 companies
in the Medical Distribution industry
Industry Median: 5.63 vs FRA:CLH: 16.41

Competitive Comparison of Cardinal Health's 6-1 Month Momentum %

For the Medical Distribution subindustry, Cardinal Health's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.

Cardinal Health's 6-1 Month Momentum % Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Cardinal Health's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Cardinal Health's 6-1 Month Momentum % falls into.

Cardinal Health (FRA:CLH) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-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.

Cardinal Health (FRA:CLH) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.

Cardinal Health 6-1 Month Momentum % Related Terms

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Cardinal Health (FRA:CLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Cardinal Health Inc (FRA:CLH) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

CAH:USA CAH:Mexico C1AH34:Brazil CAH:Argentina

Address

7000 Cardinal Place, Dublin, OH, USA, 43017

Website

https://www.cardinalhealth.com

Cardinal Health is one of three leading pharmaceutical wholesalers in the U.S., engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.