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Velesto Energy Bhd (XKLS:5243) 6-Month Price Index : 1.21 (As of May. 22, 2024)


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What is Velesto Energy Bhd 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 (2024-05-22), Velesto Energy Bhd's 6-Month Price Index is 1.21.

Competitive Comparison of Velesto Energy Bhd's 6-Month Price Index

For the Oil & Gas Drilling subindustry, Velesto Energy Bhd'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.

Velesto Energy Bhd  (XKLS:5243) 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.

Velesto Energy Bhd  (XKLS:5243) 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.

Velesto Energy Bhd 6-Month Price Index Related Terms

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Velesto Energy Bhd (XKLS:5243) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velesto Energy Bhd (XKLS:5243) » Definitions » 6-Month Price Index
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Jalan Stesen Sentral 5, Level 18, Block 3A, Plaza Sentral, Kuala Lumpur, MYS, 50470
Website
https://www.velesto.com
Velesto Energy Bhd is a Malaysia-based company that provides services to the oil and gas industry. It is engaged in the provision of drilling services for exploration, development, and production wells and workover services to the upstream sector of the oil and gas industry. It is also engaged in the provision of threading, inspection, and repair services for Oil Country Tubular Goods in Malaysia and overseas. The company has four operating segments namely drilling services; Integrated services; oilfield services; and others. The company has a geographical presence in Malaysia, Indonesia, and Singapore.

Velesto Energy Bhd (XKLS:5243) Headlines

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