Banco Macro (FRA:B4W) 6-Month Price Index : 2.44 (As of Jun. 01, 2024)

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What is Banco Macro 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), Banco Macro's 6-Month Price Index is 2.44.

Competitive Comparison of Banco Macro's 6-Month Price Index

For the Banks - Regional subindustry, Banco Macro'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.

Banco Macro (FRA:B4W) 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.

Banco Macro (FRA:B4W) 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.

Banco Macro 6-Month Price Index Related Terms

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

Banco Macro (FRA:B4W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Macro SA (FRA:B4W) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

BMA:USA BMA:Argentina

Address

Avenida Eduardo Madero 1182, City of Buenos Aires, ARG, 1172

Website

https://www.macro.com.ar

Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.

Banco Macro (FRA:B4W) Headlines

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