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Canoe EITome Fund (TSX:EIT.UN) 6-Month Price Index : 1.11 (As of May. 20, 2024)


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What is Canoe EITome Fund 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 (2024-05-20), Canoe EITome Fund's 6-Month Price Index is 1.11.

Competitive Comparison of Canoe EITome Fund's 6-Month Price Index

For the Asset Management subindustry, Canoe EITome Fund'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.

Canoe EITome Fund  (TSX:EIT.UN) 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.

Canoe EITome Fund  (TSX:EIT.UN) 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.

Canoe EITome Fund 6-Month Price Index Related Terms

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

Canoe EITome Fund (TSX:EIT.UN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canoe EIT Income Fund (TSX:EIT.UN) » Definitions » 6-Month Price Index
Comparable Companies
TSX:CIX TSX:FIH.U TSX:BBUC TSX:CYB TSX:UNC TSX:CVG TSX:SII TSX:GCG TSX:SEC TSX:CGI BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
ENDTF:USA EIT.PR.B.PFD:Canada EIT.PR.A.PFD:Canada
Address
421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9
Website
https://www.canoefinancial.com
Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

Canoe EITome Fund (TSX:EIT.UN) Headlines

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