Nanto Bank (TSE:8367) 6-Month Price Index : 1.36 (As of Jun. 06, 2024)

View and export this data going back to 1987. Start your Free Trial

What is Nanto Bank 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 (2024-06-06), Nanto Bank's 6-Month Price Index is 1.36.

Competitive Comparison of Nanto Bank's 6-Month Price Index

For the Banks - Regional subindustry, Nanto Bank'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.

Nanto Bank (TSE:8367) 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.

Nanto Bank (TSE:8367) 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.

Nanto Bank 6-Month Price Index Related Terms

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

Nanto Bank (TSE:8367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nanto Bank Ltd (TSE:8367) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Hashimoto-cho, Nara, JPN, 630-8677

Website

http://www.nantobank.co.jp

Nanto Bank Ltd is a Japanese regional bank operating primarily in the Nara Prefecture, but extending to neighboring prefectures in Japan. The bank reports earnings through two segments: banking and securities, and leasing. It also operates a credit guarantee, computer software development and service, and a credit card business. The bank's strategy emphasizes regional market penetration. Most of the bank's earning assets are in loans and bills discounted and securities. Nanto Bank generates a majority of income through net interest income, followed by fees and commissions.

Nanto Bank (TSE:8367) Headlines

No Headlines