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Traction AB (OSTO:TRAC B) 6-Month Price Index : 1.07 (As of Jun. 03, 2024)


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What is Traction 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 (2024-06-03), Traction AB's 6-Month Price Index is 1.07.

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

For the Asset Management subindustry, Traction 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.

Traction AB  (OSTO:TRAC 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.

Traction AB  (OSTO:TRAC 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.

Traction AB 6-Month Price Index Related Terms

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

Traction AB (OSTO:TRAC B) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Traction AB (OSTO:TRAC B) » Definitions » 6-Month Price Index
Comparable Companies
OSTO:LINC OSTO:ORES OSTO:CAT A OSTO:VNV OSTO:KARNEL B OSTO:VEFAB OSTO:IDUN B NGM:SPLTN OSTO:SVOL A NGM:CPEI BLK BX KKR OSTO:INVE A APO TSX:BN AMP BK OSTO:EQT XSWX:PGHN
Traded in Other Exchanges
N/A
Address
Box 3314, Stockholm, SWE, S-103 66
Website
http://www.traction.se
Traction AB is a Sweden-based investment company engaged in the long-term business development of wholly and partially owned companies. Its core objective is to realize a good return on capital. Its activities are divided into three business divisions: Customer relationships, providing customer-focused business models; Capital flows, offering cost control; and Risk management, including sharing and reducing risk factors. Traction AB invests in listed active holdings, such as BE Group, Drillcon, Duroc, Hifab Group, Nordic Camping and Resort, OEM International, PartnerTech, Softronic, and SwitchCore, as well as in unlisted active entities, including Banking Automation, Modular Streams, Recco Holding, and Silicon.

Traction AB (OSTO:TRAC B) Headlines

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