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Patrick Industries (FRA:PK2) 6-Month Price Index : 1.36 (As of May. 28, 2024)


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What is Patrick Industries 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 (2024-05-28), Patrick Industries's 6-Month Price Index is 1.36.

Competitive Comparison of Patrick Industries's 6-Month Price Index

For the Furnishings, Fixtures & Appliances subindustry, Patrick Industries'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.

Patrick Industries  (FRA:PK2) 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.

Patrick Industries  (FRA:PK2) 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.

Patrick Industries 6-Month Price Index Related Terms

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

Patrick Industries (FRA:PK2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Patrick Industries Inc (FRA:PK2) » Definitions » 6-Month Price Index
Comparable Companies
MBC MLKN LZB LEG AMWD ETD LOVE WHR SNBR COOK SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SN TPX SZSE:000921 MHK XPAR:SK LSE:HWDN
Traded in Other Exchanges
PATK:USA
Address
107 West Franklin Street, P.O. Box 638, Elkhart, IN, USA, 46515
Website
https://www.patrickind.com
Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured-housing industries. One of the firm's RV customers makes up a significant portion of revenue. Nearly all of Patrick Industries' revenue comes from North America.

Patrick Industries (FRA:PK2) Headlines

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