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The Bank of Nagoya (TSE:8522) 6-Month Price Index : 1.32 (As of Jun. 06, 2024)


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What is The Bank of Nagoya 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), The Bank of Nagoya's 6-Month Price Index is 1.32.

Competitive Comparison of The Bank of Nagoya's 6-Month Price Index

For the Banks - Regional subindustry, The Bank of Nagoya'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.

The Bank of Nagoya  (TSE:8522) 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.

The Bank of Nagoya  (TSE:8522) 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.

The Bank of Nagoya 6-Month Price Index Related Terms

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The Bank of Nagoya (TSE:8522) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Bank of Nagoya Ltd (TSE:8522) » Definitions » 6-Month Price Index
Comparable Companies
TSE:8370 TSE:8388 TSE:8714 TSE:8336 TSE:8361 TSE:8367 TSE:7381 TSE:8544 TSE:7389 TSE:8386 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
19-17 Nishiki 3-chome, Naka-ku, Nagoya, JPN, 460-0003
Website
http://www.meigin.com
The Bank of Nagoya Ltd is a Japanese regional bank with an operational presence primarily in Nagoya City and the greater Aichi Prefecture. The bank's reporting segments include banking, leasing, and a credit card business. The company's banking business involves loans and deposits, domestic and foreign exchange transactions, securities investments, trading of trading account securities, and the underwriting and registration of corporate bonds. Its leasing business involves mostly comprehensive finance leasing. A plurality of the bank's income comes from loans, followed by leasing.

The Bank of Nagoya (TSE:8522) Headlines

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