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Usinas Siderurgicas de Minas Gerais (BSP:USIM3) 6-Month Price Index : 1.01 (As of May. 22, 2024)


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What is Usinas Siderurgicas de Minas Gerais 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 (2024-05-22), Usinas Siderurgicas de Minas Gerais's 6-Month Price Index is 1.01.

Competitive Comparison of Usinas Siderurgicas de Minas Gerais's 6-Month Price Index

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais  (BSP:USIM3) 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.

Usinas Siderurgicas de Minas Gerais  (BSP:USIM3) 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.

Usinas Siderurgicas de Minas Gerais 6-Month Price Index Related Terms

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

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (BSP:USIM3) » Definitions » 6-Month Price Index
Comparable Companies
BSP:GOAU3 BSP:FESA3 BSP:CSNA3 BSP:PATI3 BSP:CMIN3 BSP:GGBR4 NUE BOM:500228 XKRX:005490 STLD NSE:TATASTEEL XAMS:MT TSE:5401 SHSE:600019 RS MIC:CHMF TPE:2002 CLF TSE:5411 SZSE:000708
Traded in Other Exchanges
USNZY:USA XUSIO:Spain XUSI:Spain U1S1:Germany USIM6:Brazil USIM5:Brazil
Address
Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260
Website
https://www.usiminas.com
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Headlines

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