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Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) 6-1 Month Momentum %

: -1.86% (As of Today)
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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-12-09), Gabelli Healthcare & WellnessRx Trust's 6-1 Month Momentum % is -1.86%.

The industry rank for Gabelli Healthcare & WellnessRx Trust's 6-1 Month Momentum % or its related term are showing as below:

GRXpB.PFD's 6-1 Month Momentum % is ranked worse than
63.95% of 1770 companies
in the Asset Management industry
Industry Median: -9.52 vs GRXpB.PFD: -1.86

Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) 6-1 Month Momentum % Competitive Comparison

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

   

Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) 6-1 Month Momentum % Distribution

For the Asset Management industry and Financial Services sector, Gabelli Healthcare & WellnessRx Trust's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Gabelli Healthcare & WellnessRx Trust's 6-1 Month Momentum % falls into.



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


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


Gabelli Healthcare & WellnessRx Trust 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Gabelli Healthcare & WellnessRx Trust's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


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

Gabelli Healthcare & WellnessRx Trust logo
Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
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 & Supplies, and Pharmaceuticals account for the majority of the weightage.
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