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

: 7 (As of Today)
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Gabelli Healthcare & WellnessRx Trust has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.


Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) Momentum Rank Competitive Comparison

For the Asset Management subindustry, Gabelli Healthcare & WellnessRx Trust's Momentum Rank, along with its competitors' market caps and Momentum Rank 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) Momentum Rank Distribution

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

* The bar in red indicates where Gabelli Healthcare & WellnessRx Trust's Momentum Rank falls into.



Gabelli Healthcare & WellnessRx Trust Momentum Rank Related Terms

Thank you for viewing the detailed overview of Gabelli Healthcare & WellnessRx Trust's Momentum Rank 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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