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Summit Materials (LTS:0LAI) 6-Month Price Index : 1.07 (As of Jun. 01, 2024)


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What is Summit Materials 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 (2024-06-01), Summit Materials's 6-Month Price Index is 1.07.

Competitive Comparison of Summit Materials's 6-Month Price Index

For the Building Materials subindustry, Summit Materials'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.

Summit Materials  (LTS:0LAI) 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.

Summit Materials  (LTS:0LAI) 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.

Summit Materials 6-Month Price Index Related Terms

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

Summit Materials (LTS:0LAI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Summit Materials Inc (LTS:0LAI) » Definitions » 6-Month Price Index
Comparable Companies
BCC KNF EXP TGLS USLM SMID BASA RETO CAPS CRH XSWX:HOLN NSE:ULTRACEMCO VMC MLM SHSE:600585 XKRX:003670 NSE:GRASIM XTER:HEI BOM:500387 ASX:JHX
Traded in Other Exchanges
SUM:USA 7SU:Germany
Address
1801 California Street, Suite 3500, Denver, CO, USA, 80202
Website
https://www.summit-materials.com
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.

Summit Materials (LTS:0LAI) Headlines

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