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Addtech AB (OSTO:ADDT B) 6-Month Price Index : 1.24 (As of Jun. 07, 2024)


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What is Addtech AB 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 (2024-06-07), Addtech AB's 6-Month Price Index is 1.24.

Competitive Comparison of Addtech AB's 6-Month Price Index

For the Industrial Distribution subindustry, Addtech AB'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.

Addtech AB  (OSTO:ADDT B) 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.

Addtech AB  (OSTO:ADDT B) 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.

Addtech AB 6-Month Price Index Related Terms

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

Addtech AB (OSTO:ADDT B) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Addtech AB (OSTO:ADDT B) » Definitions » 6-Month Price Index
Comparable Companies
OSTO:INDT OSTO:BUFAB OSTO:OEM B OSTO:ALLIGO B OSTO:MMGR B OSTO:TEQ OSTO:FNM OSTO:INISS B XSAT:TURA GWW FERG FAST WSO POOL ASX:REH CNM WCC TSX:TIH SITE AIT
Traded in Other Exchanges
ADDTBs:UK 0QI7:UK AZZ2:Germany
Address
Birger Jarlsgatan 43, Box 5112, Stockholm, SWE, SE-102 43
Website
https://www.addtech.com
Addtech AB is a group of businesses offering high-tech products and solutions to customers in the manufacturing and infrastructure sectors. The company's segment includes Automation; Electrification; Energy; Industrial Solutions and Process Technology. It generates maximum revenue from the Energy segment. Energy produces and sells products for electricity transmission, electrical installation, and safety products in transport.

Addtech AB (OSTO:ADDT B) Headlines

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