Freedom Care Group Holdings (ASX:FCG) 6-1 Month Momentum % : N/A% (As of Jun. 08, 2024)

View and export this data going back to 2023. Start your Free Trial

What is Freedom Care Group Holdings 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 (2024-06-08), Freedom Care Group Holdings's 6-1 Month Momentum % is N/A%.

The industry rank for Freedom Care Group Holdings's 6-1 Month Momentum % or its related term are showing as below:

ASX:FCG's 6-1 Month Momentum % is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: -5.1
* Ranked among companies with meaningful 6-1 Month Momentum % only.

Competitive Comparison of Freedom Care Group Holdings's 6-1 Month Momentum %

For the Medical Care Facilities subindustry, Freedom Care Group Holdings'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.

Freedom Care Group Holdings's 6-1 Month Momentum % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Freedom Care Group Holdings's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Freedom Care Group Holdings's 6-1 Month Momentum % falls into.

Freedom Care Group Holdings (ASX:FCG) 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.

Freedom Care Group Holdings (ASX:FCG) 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.

Freedom Care Group Holdings 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Freedom Care Group Holdings's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.