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Loop Industries (FRA:3L9) 6-Month Price Index : 0.70 (As of Jun. 08, 2024)


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What is Loop Industries 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 (2024-06-08), Loop Industries's 6-Month Price Index is 0.70.

Competitive Comparison of Loop Industries's 6-Month Price Index

For the Specialty Chemicals subindustry, Loop Industries'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.

Loop Industries  (FRA:3L9) 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.

Loop Industries  (FRA:3L9) 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.

Loop Industries 6-Month Price Index Related Terms

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

Loop Industries (FRA:3L9) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Loop Industries Inc (FRA:3L9) » Definitions » 6-Month Price Index
Comparable Companies
DNMR NTIC FEAM KDSKF STCB GEVI TSE CMT RLEA NANX LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
LOOP:USA
Address
480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4
Website
http://www.loopindustries.com
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

Loop Industries (FRA:3L9) Headlines

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