Suminoe Textile Co (TSE:3501) 6-Month Price Index : 1.08 (As of May. 31, 2024)

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What is Suminoe Textile 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), Suminoe Textile Co's 6-Month Price Index is 1.08.

Competitive Comparison of Suminoe Textile Co's 6-Month Price Index

For the Textile Manufacturing subindustry, Suminoe Textile 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.

Suminoe Textile Co (TSE:3501) 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.

Suminoe Textile Co (TSE:3501) 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.

Suminoe Textile Co 6-Month Price Index Related Terms

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Suminoe Textile Co (TSE:3501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suminoe Textile Co Ltd (TSE:3501) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-11-20, Minamisenba, Chuo-ku, Osaka, JPN, 542-8504

Website

http://www.suminoe.jp

Suminoe Textile Co Ltd is a textile company based in Japan. The company is engaged in the following business segment which includes Interior Fittings; Automotive Textiles and Traffic Facilities; Functional Materials and Others. It generates maximum revenue from the Automotive Textiles and Traffic Facilities segment. Geographically, it derives a majority of revenue from Japan and also has a presence in North and Central America; Asia and other Countries.

Suminoe Textile Co (TSE:3501) Headlines

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