GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (BSP:D2KN34) » Definitions » 6-Month Price Index

DraftKings (BSP:D2KN34) 6-Month Price Index : 1.08 (As of Jun. 06, 2024)


View and export this data going back to 2021. Start your Free Trial

What is DraftKings 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-06), DraftKings's 6-Month Price Index is 1.08.

Competitive Comparison of DraftKings's 6-Month Price Index

For the Gambling subindustry, DraftKings's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index 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.

DraftKings  (BSP:D2KN34) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* 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.

DraftKings  (BSP:D2KN34) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

DraftKings 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of DraftKings's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

DraftKings (BSP:D2KN34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (BSP:D2KN34) » Definitions » 6-Month Price Index
Comparable Companies
CHDN LNW IGT SGHC EVRI NGMS ACEL GAMB AGS INSE DUB:FLTR OSTO:EVO ASX:ALL LSE:ENT ASX:TLC XPAR:FDJ ATH:OPAP MIL:LTMC TSE:6417 OSTO:KIND SDB
Traded in Other Exchanges
DKNG:USA DKNG:Mexico 8DEA:Germany
Address
222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116
Website
https://www.draftkings.com
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

DraftKings (BSP:D2KN34) Headlines

No Headlines