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Hexagon AB (Hexagon AB) 6-Month Price Index : 1.31 (As of Apr. 29, 2024)


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What is Hexagon AB 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 (2024-04-29), Hexagon AB's 6-Month Price Index is 1.31.

Competitive Comparison of Hexagon AB's 6-Month Price Index

For the Scientific & Technical Instruments subindustry, Hexagon AB'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.

Hexagon AB  (OTCPK:HXGBY) 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.

Hexagon AB  (OTCPK:HXGBY) 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.

Hexagon AB 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Hexagon AB's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Hexagon AB (Hexagon AB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hexagon AB (OTCPK:HXGBY) » Definitions » 6-Month Price Index
Comparable Companies
OSTO:SGG OSTO:FING B OSTO:RO XSAT:NFO OSTO:GPX OSTO:INSP OSTO:NGENIC NGM:SARS XSAT:EMART OSTO:RLOS B TSE:6861 GRMN FTV KEYS TDY TRMB COHR MKSI TSE:7701 CGNX
Traded in Other Exchanges
HXGBF:USA HEXA B:Sweden HEXABs:UK HXG:Germany
Address
Lilla Bantorget 15, Stockholm, SWE, SE-111 23
Website
https://www.hexagon.com
Hexagon AB provides information technology for industrial applications. It offers solutions in two segments: geospatial enterprise solutions and industrial enterprise solutions. Each segment contributes roughly half of the firm's overall revenue. Hexagon's geospatial solutions are used for infrastructure, mining, agriculture, and public safety. The industrial enterprise solutions are used to measure and inspect the quality of complex parts used in manufacturing processes. Hexagon's largest geographic markets are Americas and EMEA, with each market contributing more than a fourth of the firm's overall revenue.