ABSA Bank Kenya (NAI:ABSA) 6-Month Price Index : 1.20 (As of Jun. 10, 2024)

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What is ABSA Bank Kenya 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 (2024-06-10), ABSA Bank Kenya's 6-Month Price Index is 1.20.

Competitive Comparison of ABSA Bank Kenya's 6-Month Price Index

For the Banks - Regional subindustry, ABSA Bank Kenya'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.

ABSA Bank Kenya (NAI:ABSA) 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.

ABSA Bank Kenya (NAI:ABSA) 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.

ABSA Bank Kenya 6-Month Price Index Related Terms

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ABSA Bank Kenya (NAI:ABSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ABSA Bank Kenya PLC (NAI:ABSA) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

Waiyaki Way, P.O. Box 30120, Nairobi, KEN, 00100

Website

https://www.absabank.co.ke

ABSA Bank Kenya PLC is a diversified financial services company offering clients a range of retail, business, corporate and investment, and wealth management solutions. The company's operating segment includes Consumer banking and Corporate banking. It generates maximum revenue from the Consumer Banking segment. The Consumer Banking segment incorporates private customer current accounts, savings, deposits, credit and debit cards, consumer loans, and mortgages. Its Corporate Banking segment includes the business model that centers on delivering specialist investment banking, financing, risk management, and advisory solutions across asset classes to corporates, financial institutions, and government clients.

ABSA Bank Kenya (NAI:ABSA) Headlines

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