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Cummins (LTS:0I58) 6-Month Price Index : 1.36 (As of May. 13, 2024)


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What is Cummins 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 (2024-05-13), Cummins's 6-Month Price Index is 1.36.

Competitive Comparison of Cummins's 6-Month Price Index

For the Specialty Industrial Machinery subindustry, Cummins'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.

Cummins  (LTS:0I58) 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.

Cummins  (LTS:0I58) 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.

Cummins 6-Month Price Index Related Terms

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

Cummins (LTS:0I58) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cummins Inc (LTS:0I58) » Definitions » 6-Month Price Index
Comparable Companies
AME IR OTIS ROK XYL DOV EMR IEX NDSN GGG XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH XKRX:373220 TSE:6273 BSP:WEGE3 TSE:7011
Traded in Other Exchanges
CMI:USA CUM:Germany C1MI34:Brazil
Address
500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005
Website
https://www.cummins.com
Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.

Cummins (LTS:0I58) Headlines

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