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MRC Global (FRA:37M) 6-Month Price Index : 1.27 (As of May. 31, 2024)


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What is MRC Global 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 (2024-05-31), MRC Global's 6-Month Price Index is 1.27.

Competitive Comparison of MRC Global's 6-Month Price Index

For the Oil & Gas Equipment & Services subindustry, MRC Global'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.

MRC Global  (FRA:37M) 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.

MRC Global  (FRA:37M) 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.

MRC Global 6-Month Price Index Related Terms

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

MRC Global (FRA:37M) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MRC Global Inc (FRA:37M) » Definitions » 6-Month Price Index
Comparable Companies
SLCA DRQ CLB VTOL TTI AESI NR PUMP DNOW OIS SLB HAL BKR MIL:TEN FTI SHSE:601808 NOV WFRD CHX ASX:WOR
Traded in Other Exchanges
MRC:USA
Address
1301 McKinney Street, Suite 2300, Houston, TX, USA, 77010
Website
https://www.mrcglobal.com
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.

MRC Global (FRA:37M) Headlines

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