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Canara Bank (BOM:532483) 6-Month Price Index : 1.43 (As of May. 21, 2024)


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What is Canara 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 (2024-05-21), Canara Bank's 6-Month Price Index is 1.43.

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

For the Banks - Regional subindustry, Canara 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.

Canara Bank  (BOM:532483) 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.

Canara Bank  (BOM:532483) 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.

Canara Bank 6-Month Price Index Related Terms

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

Canara Bank (BOM:532483) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canara Bank (BOM:532483) » Definitions » 6-Month Price Index
Comparable Companies
BOM:500116 BOM:532477 NSE:IDFCFIRSTB BOM:532388 BOM:532461 BOM:532814 BOM:540611 BOM:532648 BOM:532505 BOM:532149 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
CANBK:India
Address
No. 112, J C Road, Town Hall, Bengaluru, KA, IND, 560002
Website
https://www.canarabank.com
Canara Bank is an India-based commercial bank. The company's core businesses consist of Treasury Operations, Retail Banking Operations, and Corporate and Wholesale Banking Operations. It conducts a broad range of banking activities serving large and midsize corporations. Its priority sector and retail sector lending business offer funding services to the priority and retail sectors, such as loans to agriculture, housing, and educational institutions. The company owns a large branch network across India, with several branches in overseas cities such as New York, London, Hong Kong, and Dubai.

Canara Bank (BOM:532483) Headlines

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