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California Resources (FRA:1CLD) 6-Month Price Index : 0.92 (As of Jun. 01, 2024)


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What is California Resources 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 (2024-06-01), California Resources's 6-Month Price Index is 0.92.

Competitive Comparison of California Resources's 6-Month Price Index

For the Oil & Gas E&P subindustry, California Resources'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.

California Resources  (FRA:1CLD) 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.

California Resources  (FRA:1CLD) 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.

California Resources 6-Month Price Index Related Terms

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

California Resources (FRA:1CLD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » California Resources Corp (FRA:1CLD) » Definitions » 6-Month Price Index
Comparable Companies
BSM NOG CNX CRK KOS MGY DEN CPE SM GPOR COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
CRC:USA
Address
1 World Trade Center, Suite 1500, Long Beach, CA, USA, 90831
Website
https://www.crc.com
California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. CRC has a large portfolio of lower-risk conventional opportunities in the following California oil and gas basins: San Joaquin, Los Angeles, Ventura, and Sacramento.

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