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Amber Grid AB (OVSE:AMG1L) 6-Month Price Index : 0.95 (As of Jun. 10, 2024)


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What is Amber Grid 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 (2024-06-10), Amber Grid AB's 6-Month Price Index is 0.95.

Competitive Comparison of Amber Grid AB's 6-Month Price Index

For the Utilities - Regulated Gas subindustry, Amber Grid 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.

Amber Grid AB  (OVSE:AMG1L) 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.

Amber Grid AB  (OVSE:AMG1L) 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.

Amber Grid AB 6-Month Price Index Related Terms

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

Amber Grid AB (OVSE:AMG1L) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Amber Grid AB (OVSE:AMG1L) » Definitions » 6-Month Price Index
Comparable Companies
XKRX:054920 XKRX:046440 XKRX:214180 XKRX:234340 XKRX:060250 XKRX:131090 XKRX:036800 XKRX:079940 XKRX:035600 XKRX:203650 XMAD:NTGY ASX:APA ATO MIL:SRG HKSE:00003 NI TSE:9531 BOM:532155 HKSE:02688 TSE:9532
Traded in Other Exchanges
AMH:Germany
Address
Laisv?s pr. 10, Vilnius, LTU, LT-04215
Website
https://www.ambergrid.lt
Amber Grid AB is a part of the oil and gas sector. It is a natural gas transmission system operator in Lithuania. It is responsible for maintaining the natural gas transmission system for users of the natural gas infrastructure, operation, maintenance, and development. The company's transmission system mainly consists of gas pipelines, gas compressor stations, metering stations and distribution pipelines corrosion protection devices, data transmission, and communication systems. The company reports in two segments that are natural gas transmission operations and natural gas exchange operator activities, out of which the majority of revenue comes from natural gas transmission operations.

Amber Grid AB (OVSE:AMG1L) Headlines

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