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Cleveland-Cliffs (FRA:CVA) 6-Month Price Index : 1.05 (As of May. 17, 2024)


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What is Cleveland-Cliffs 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 (2024-05-17), Cleveland-Cliffs's 6-Month Price Index is 1.05.

Competitive Comparison of Cleveland-Cliffs's 6-Month Price Index

For the Steel subindustry, Cleveland-Cliffs'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.

Cleveland-Cliffs  (FRA:CVA) 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.

Cleveland-Cliffs  (FRA:CVA) 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.

Cleveland-Cliffs 6-Month Price Index Related Terms

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

Cleveland-Cliffs (FRA:CVA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cleveland-Cliffs Inc (FRA:CVA) » Definitions » 6-Month Price Index
Comparable Companies
TX X CMC WS MTUS ZEUS RDUS RS USAP MSB NUE BOM:500228 NSE:TATASTEEL XKRX:005490 SHSE:600019 STLD XAMS:MT TSE:5401 MIC:CHMF TPE:2002
Traded in Other Exchanges
CLF:USA CLF:Mexico CVA:Germany
Address
200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315
Website
https://www.clevelandcliffs.com
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It has one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.