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Granite Construction (FRA:GRG) 6-Month Price Index : 1.30 (As of Jun. 05, 2024)


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What is Granite Construction 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 (2024-06-05), Granite Construction's 6-Month Price Index is 1.30.

Competitive Comparison of Granite Construction's 6-Month Price Index

For the Engineering & Construction subindustry, Granite Construction'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.

Granite Construction  (FRA:GRG) 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.

Granite Construction  (FRA:GRG) 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.

Granite Construction 6-Month Price Index Related Terms

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

Granite Construction (FRA:GRG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Granite Construction Inc (FRA:GRG) » Definitions » 6-Month Price Index
Comparable Companies
MYRG PRIM ROAD IESC AMRC STRL NVEE ACA TPC AGX XPAR:DG NSE:LT PWR SHSE:601668 SHSE:601390 TSX:WSP EME J HKSE:01800 XKRX:028260
Traded in Other Exchanges
GVA:USA
Address
585 West Beach Street, Watsonville, CA, USA, 95076
Website
https://www.graniteconstruction.com
Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.

Granite Construction (FRA:GRG) Headlines

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