Health Care Distributors
Health Care Distributors is losing market weight. Gained weight for 2 consecutive months.
Most of this industry's losses came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 100% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Jan 2018 – Jun 2019 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| McKesson Corporation → MCK | Health Care Distributors | United States | 0.138% | -0.026 pp | +2.0% | 0.0 |
| Cencora → COR | Health Care Distributors | United States | 0.097% | -0.017 pp | +4.9% | 0.0 |
| Cardinal Health → CAH | Health Care Distributors | United States | 0.076% | -0.016 pp | +0.4% | 0.0 |
| Henry Schein → HSIC | Health Care Distributors | United States | 0.056% | +0.003 pp | +22.7% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Jun 2019 | 0.366% | +0.007 pp | +0.006 pp | +0.151 pp | -0.056 pp | -0.8% |
| May 2019 | 0.359% | +0.009 pp | -0.030 pp | +0.126 pp | -0.073 pp | -6.0% |
| Apr 2019 | 0.350% | -0.010 pp | +0.131 pp | +0.116 pp | -0.150 pp | -21.4% |
| Mar 2019 | 0.360% | -0.029 pp | +0.146 pp | +0.126 pp | -0.105 pp | -13.3% |
| Feb 2019 | 0.389% | +0.170 pp | +0.156 pp | +0.161 pp | -0.099 pp | -11.2% |
| Jan 2019 | 0.219% | +0.004 pp | -0.015 pp | -0.179 pp | -0.290 pp | -13.4% |
| Dec 2018 | 0.215% | -0.019 pp | -0.019 pp | -0.208 pp | -0.294 pp | -16.1% |
| Nov 2018 | 0.233% | -0.001 pp | +0.005 pp | -0.199 pp | -0.276 pp | -9.2% |
| Oct 2018 | 0.234% | +0.000 pp | -0.164 pp | -0.267 pp | -0.275 pp | -10.8% |
| Sep 2018 | 0.234% | +0.006 pp | -0.189 pp | -0.232 pp | -0.275 pp | -13.0% |
| Aug 2018 | 0.228% | -0.170 pp | -0.204 pp | -0.260 pp | -0.281 pp | -15.8% |
| Jul 2018 | 0.398% | -0.025 pp | -0.103 pp | -0.111 pp | -0.111 pp | -18.9% |
| Jun 2018 | 0.423% | -0.010 pp | -0.043 pp | -0.086 pp | -0.086 pp | -15.0% |
| May 2018 | 0.432% | -0.068 pp | -0.056 pp | -0.077 pp | -0.077 pp | -13.7% |
| Apr 2018 | 0.501% | +0.035 pp | -0.008 pp | -0.008 pp | -0.008 pp | -2.1% |
| Mar 2018 | 0.465% | -0.023 pp | -0.044 pp | -0.044 pp | -0.044 pp | -8.6% |
| Feb 2018 | 0.488% | -0.021 pp | -0.021 pp | -0.021 pp | -0.021 pp | -3.4% |
| Jan 2018 | 0.509% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.0% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.