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Meritage Homes (FRA:MEY) 6-Month Price Index : 1.16 (As of Jun. 09, 2024)


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What is Meritage Homes 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 (2024-06-09), Meritage Homes's 6-Month Price Index is 1.16.

Competitive Comparison of Meritage Homes's 6-Month Price Index

For the Residential Construction subindustry, Meritage Homes'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.

Meritage Homes  (FRA:MEY) 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.

Meritage Homes  (FRA:MEY) 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.

Meritage Homes 6-Month Price Index Related Terms

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

Meritage Homes (FRA:MEY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Meritage Homes Corp (FRA:MEY) » Definitions » 6-Month Price Index
Comparable Companies
TMHC IBP KBH SKY TPH MHO CVCO CCS DFH GRBK DHI LEN PHM NVR TSE:1928 TOL TSE:1911 LSE:BKG LSE:TW. LSE:BDEV
Traded in Other Exchanges
MTH:USA
Address
8800 East Raintree Drive, Suite 300, Scottsdale, AZ, USA, 85260
Website
https://www.meritagehomes.com
Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.

Meritage Homes (FRA:MEY) Headlines

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