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Movida Participacoes (BSP:MOVI3) 6-Month Price Index : 0.54 (As of Jun. 10, 2024)


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What is Movida Participacoes 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 (2024-06-10), Movida Participacoes's 6-Month Price Index is 0.54.

Competitive Comparison of Movida Participacoes's 6-Month Price Index

For the Rental & Leasing Services subindustry, Movida Participacoes'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.

Movida Participacoes  (BSP:MOVI3) 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.

Movida Participacoes  (BSP:MOVI3) 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.

Movida Participacoes 6-Month Price Index Related Terms

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

Movida Participacoes (BSP:MOVI3) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Movida Participacoes SA (BSP:MOVI3) » Definitions » 6-Month Price Index
Comparable Companies
BSP:MILS3 BSP:ARML3 BSP:VAMO3 URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439 HKSE:02588 R AL FTAI GATX XTER:SIX2 HRI
Traded in Other Exchanges
N/A
Address
Renato Paes de Barros street, 9th floor, Sao Paulo, SP, BRA, 04530-001
Website
https://www.movida.com.br/
Movida Participacoes SA through its subsidiaries is engaged in car rental activities in Brazil. The business activities of the group function through Rent a Car (RAC) and light vehicle fleet management and outsourcing segments. The Rent a car segment is responsible for car rental in stores located inside and outside airports, and Fleet Management and Outsourcing segment provides car rental services signed through long-term contracts with corporate clients. In addition, the group is also involved in the sale of used cars. Geographically activities are carried out in Brazil and the company derives revenue from rental activities.

Movida Participacoes (BSP:MOVI3) Headlines

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