Freightways Group (Freightways Group) 6-Month Price Index : 1.00 (As of Jun. 02, 2024)

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What is Freightways 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 (2024-06-02), Freightways Group's 6-Month Price Index is 1.00.

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

For the Integrated Freight & Logistics subindustry, Freightways 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.

Freightways Group (OTCPK:FTWYF) 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.

Freightways Group (OTCPK:FTWYF) 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.

Freightways Group 6-Month Price Index Related Terms

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Freightways Group (Freightways Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightways Group Ltd (OTCPK:FTWYF) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

FRW:New Zealand FRW:Australia

Address

32 Botha Road, Penrose, Auckland, NTL, NZL, DX CX10120

Website

https://www.freightways.co.nz

Freightways Ltd is a provider of express package services throughout New Zealand. The company is organized into three reportable segments: Express Package and Business Mail, Information Management and Corporate and others. The Express Package and Business Mail segment cover network courier, point-to-point courier, and postal services. Information management comprises secure paper-based and electronic business information management services. Corporate and other comprises corporate, financing, and property management services. Key revenue is derived from the Express Package and Business Mail divisions.

Freightways Group (Freightways Group) Headlines

From GuruFocus

David Herro Comments on Freightways

By Sydnee Gatewood Sydnee Gatewood • 01-11-2021