GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » 6-Month Price Index

Shenyang Fortune Precision Equipment Co (SHSE:688409) 6-Month Price Index : 0.76 (As of May. 26, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Shenyang Fortune Precision Equipment Co 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 (2024-05-26), Shenyang Fortune Precision Equipment Co's 6-Month Price Index is 0.76.

Competitive Comparison of Shenyang Fortune Precision Equipment Co's 6-Month Price Index

For the Metal Fabrication subindustry, Shenyang Fortune Precision Equipment Co'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.

Shenyang Fortune Precision Equipment Co  (SHSE:688409) 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.

Shenyang Fortune Precision Equipment Co  (SHSE:688409) 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.

Shenyang Fortune Precision Equipment Co 6-Month Price Index Related Terms

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

Shenyang Fortune Precision Equipment Co (SHSE:688409) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » 6-Month Price Index
Comparable Companies
SZSE:002541 SZSE:002487 SZSE:300850 SHSE:603985 SZSE:301268 SHSE:601106 SZSE:300748 SHSE:601399 SHSE:605123 SHSE:600058 ATI MLI XTER:TKA SHSE:688122 ESAB TPE:2474 SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168
Website
http://www.fortune-semi.com
Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

Shenyang Fortune Precision Equipment Co (SHSE:688409) Headlines

No Headlines