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The Zacks Industry Rank assigns a rating to each of the 251 X (Expanded) Industries based on their average Zacks Rank.
An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 251), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (251 out of 251) would place in the bottom 1%.
The Medical - Products Industry, part of the Medical Sector, is currently ranked in the top 25% of industries. Specifically, it is ranked number 63 of 251 industries. Because it is ranked in the top half of Zacks Ranked Industries, we expect it to outperform the market over the next 3 to 6 months. Digging a little deeper, the Medical - Products has a 15.55% YTD return vs the IVV-S&P 500 20.65% YTD return on a year-to-date basis.
Studies have shown that roughly half of a stock's price movement can be attributed to a stock's industry group. In fact, the top 50% of Zacks Ranked Industries outperforms the bottom 50% by a factor of more than 2 to 1. By focusing on the top stocks within the top 50% of Zacks Ranked Industries, you can dramatically improve your stock picking success.
