GURUFOCUS.COM » STOCK LIST » Technology » Software » Roper Technologies Inc (BSP:R1OP34) » Definitions » 6-Month Price Index

Roper Technologies (BSP:R1OP34) 6-Month Price Index : 1.08 (As of May. 13, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Roper Technologies 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 (2024-05-13), Roper Technologies's 6-Month Price Index is 1.08.

Competitive Comparison of Roper Technologies's 6-Month Price Index

For the Software - Application subindustry, Roper Technologies'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.

Roper Technologies  (BSP:R1OP34) 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.

Roper Technologies  (BSP:R1OP34) 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.

Roper Technologies 6-Month Price Index Related Terms

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

Roper Technologies (BSP:R1OP34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Roper Technologies Inc (BSP:R1OP34) » Definitions » 6-Month Price Index
Comparable Companies
ADSK SNOW TEAM WDAY TTD DDOG CDNS HUBS FICO ANSS CRM XTER:SAP INTU UBER NOW SHOP XPAR:DSY TSX:CSU MSTR APP
Traded in Other Exchanges
ROP:USA EG:Mexico ROP:Germany
Address
6901 Professional Parkway East, Suite 200, Sarasota, FL, USA, 34240
Website
https://www.ropertech.com
Roper is a diversified technology company that operates through three segments: application software; network software and systems; and technology enabled products. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.

Roper Technologies (BSP:R1OP34) Headlines

No Headlines