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Nexen Tire (XKRX:002350) 6-Month Price Index : 0.99 (As of Jun. 01, 2024)


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What is Nexen Tire 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 (2024-06-01), Nexen Tire's 6-Month Price Index is 0.99.

Competitive Comparison of Nexen Tire's 6-Month Price Index

For the Auto Parts subindustry, Nexen Tire'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.

Nexen Tire  (XKRX:002350) 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.

Nexen Tire  (XKRX:002350) 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.

Nexen Tire 6-Month Price Index Related Terms

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Nexen Tire (XKRX:002350) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexen Tire Corp (XKRX:002350) » Definitions » 6-Month Price Index
Comparable Companies
XKRX:271940 XKRX:007340 XKRX:015750 XKRX:009900 XKRX:064960 XKRX:360070 XKRX:200880 XKRX:118990 XKRX:010690 XKRX:000240 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
002355:Korea
Address
355, Chungryeol-ro, Gyeongsangnam-do, Yangsan-si, KOR
Website
http://www.nexentire.com
Nexen Tire Corp manufactures, markets and exports tires. The firm has divided its business in the passenger car, SUV, Van and light truck, Global OE, Solid tire and Tube and Flap and all seasons divisions. The company has manufacturing facilities in Korea and China and has research and development facilities in the U.S., China, and Germany.

Nexen Tire (XKRX:002350) Headlines

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