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Meriaura Group (OSTO:MERIS) 6-Month Price Index : 0.94 (As of May. 22, 2024)


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What is Meriaura 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 (2024-05-22), Meriaura Group's 6-Month Price Index is 0.94.

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

For the Solar subindustry, Meriaura 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.

Meriaura Group  (OSTO:MERIS) 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.

Meriaura Group  (OSTO:MERIS) 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.

Meriaura Group 6-Month Price Index Related Terms

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Meriaura Group (OSTO:MERIS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Meriaura Group Plc (OSTO:MERIS) » Definitions » 6-Month Price Index
Comparable Companies
OHEL:VALOE FSLR SHSE:688223 ENPH SZSE:002459 SHSE:688599 SHSE:688472 HKSE:00968 SHSE:600732 SEDG HKSE:03800 SZSE:300118 SZSE:002865 ARRY SHLS HKSE:01799 SZSE:002506 NXT XTER:S92 RUN
Traded in Other Exchanges
MERIH:Finland 5J4:Germany
Address
Insinoorinkatu 7, Mikkeli, FIN, FI-50150
Website
https://www.meriauraenergy.com
Meriaura Group Plc is a Finland-based company engaged in two businesses Renewable Energy and Marine Logistics. The renewable energy business area designs and delivers clean energy production systems as comprehensive deliveries. Its systems are built around large-scale solar heating systems implemented using high-performance solar thermal collectors manufactured by the company. The marine logistics business consists of the business operations of Meriaura Oy and VG-EcoFuel Oy. Meriaura is a provider of transport for bulk cargo and demanding project deliveries in Northern Europe. The company generates the majority of its revenue from the renewable energy segment.

Meriaura Group (OSTO:MERIS) Headlines

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