Mahmood Textile Mills (KAR:MEHT) 6-Month Price Index : 0.96 (As of May. 19, 2024)

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What is Mahmood Textile Mills 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 (2024-05-19), Mahmood Textile Mills's 6-Month Price Index is 0.96.

Competitive Comparison of Mahmood Textile Mills's 6-Month Price Index

For the Textile Manufacturing subindustry, Mahmood Textile Mills'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.

Mahmood Textile Mills (KAR:MEHT) 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.

Mahmood Textile Mills (KAR:MEHT) 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.

Mahmood Textile Mills 6-Month Price Index Related Terms

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Mahmood Textile Mills (KAR:MEHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahmood Textile Mills Ltd (KAR:MEHT) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mehr Manzil, Lohari Gate, P.O. Box Number 28, Multan, PAK

Website

https://www.mahmoodgroup.com

Mahmood Textile Mills Ltd is engaged in manufacture and sale of yarn, grey cloth and apparel/garments. The company has three reportable segments namely spinning, apparel and weaving. It generates maximum revenue from Spinning segment. The company's product line includes cotton, fabric, garments, poultry, fast food, and others.

Mahmood Textile Mills (KAR:MEHT) Headlines

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