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Shanghai Ace Investment & Development Co (SHSE:603329) 6-Month Price Index : 0.87 (As of May. 31, 2024)


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What is Shanghai Ace Investment & Development Co 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 (2024-05-31), Shanghai Ace Investment & Development Co's 6-Month Price Index is 0.87.

Competitive Comparison of Shanghai Ace Investment & Development Co's 6-Month Price Index

For the Marine Shipping subindustry, Shanghai Ace Investment & Development Co'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.

Shanghai Ace Investment & Development Co  (SHSE:603329) 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.

Shanghai Ace Investment & Development Co  (SHSE:603329) 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.

Shanghai Ace Investment & Development Co 6-Month Price Index Related Terms

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Shanghai Ace Investment & Development Co (SHSE:603329) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Ace Investment & Development Co Ltd (SHSE:603329) » Definitions » 6-Month Price Index
Comparable Companies
SHSE:603117 SHSE:600692 BJSE:833171 SZSE:001205 SZSE:000520 SZSE:002040 SHSE:603167 BJSE:872351 SHSE:600794 SHSE:600798 BSP:PSVM11 XTER:HLAG OCSE:MAERSK B HKSE:01919 BOM:532921 SHSE:600018 TSE:9101 TSE:9104 SHSE:601018 HKSE:00316
Traded in Other Exchanges
N/A
Address
855 South Pudong Road, Room H, 33rd Floor, World Plaza, Shanghai, CHN, 200120
Website
http://www.aceonline.cn
Shanghai Ace Investment & Development Co Ltd is a logistics services provider in China. The company's main business is supply chain logistics and supply chain executive trading business. It offers multimodal transport of railways, highways, and waterways; third-party logistics services; bonded warehousing; loading and unloading operations; and warehousing and logistics supervision services.

Shanghai Ace Investment & Development Co (SHSE:603329) Headlines

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