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Drax Group (FRA:D9F2) 6-Month Price Index : 1.16 (As of May. 26, 2024)


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What is Drax Group 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 (2024-05-26), Drax Group's 6-Month Price Index is 1.16.

Competitive Comparison of Drax Group's 6-Month Price Index

For the Utilities - Renewable subindustry, Drax Group'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.

Drax Group  (FRA:D9F2) 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.

Drax Group  (FRA:D9F2) 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.

Drax Group 6-Month Price Index Related Terms

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

Drax Group (FRA:D9F2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (FRA:D9F2) » Definitions » 6-Month Price Index
Comparable Companies
LSE:GRP LSE:GOOD AQSE:SNOX LSE:ATOM LSE:SAE LSE:KIBO LSE:MAST ISX:BREN CEG GEV BOM:541450 WBO:VER OCSE:ORSTED SHSE:600025 XPRA:CEZ SHSE:600905 BSP:ELET3 SHSE:600886 SZSE:001289 XLIS:EDPR
Traded in Other Exchanges
DRXGY:USA DRXGF:USA DRXl:UK DRX:UK
Address
Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH
Website
http://www.drax.com
Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.

Drax Group (FRA:D9F2) Headlines

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