6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), UnitedHealth Group's 6-1 Month Momentum % is -8.54%.
The industry rank for UnitedHealth Group's 6-1 Month Momentum % or its related term are showing as below:
UNH's 6-1 Month Momentum % is ranked worse than 68.42% of 19
companies
in the Healthcare Plans industry
Industry Median: -1.13
vs UNH: -8.54
Competitive Comparison
For the Healthcare Plans subindustry, UnitedHealth Group'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.
UnitedHealth Group 6-1 Month Momentum % Distribution
For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where UnitedHealth Group's 6-1 Month Momentum % falls into.
UnitedHealth Group (NYSE:UNH) 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.
UnitedHealth Group (NYSE:UNH) 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.
UnitedHealth Group 6-1 Month Momentum % Related Terms
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UnitedHealth Group (UnitedHealth Group) Business Description
UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 53 million members globally, including 5 million outside the U.S. as of mid-2023. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.
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