GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aruma Resources Ltd (ASX:AAJ) » Definitions » 6-Month Price Index

Aruma Resources (ASX:AAJ) 6-Month Price Index : 0.69 (As of Jan. 18, 2025)


View and export this data going back to 2010. Start your Free Trial

What is Aruma Resources 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 (2025-01-18), Aruma Resources's 6-Month Price Index is 0.69.

Competitive Comparison of Aruma Resources's 6-Month Price Index

For the Gold subindustry, Aruma Resources'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.

Aruma Resources  (ASX:AAJ) 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.

Aruma Resources  (ASX:AAJ) 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.

Aruma Resources 6-Month Price Index Related Terms

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

Aruma Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aruma Resources Ltd (ASX:AAJ) » Definitions » 6-Month Price Index
Comparable Companies
ASX:LSR ASX:TMB ASX:GNM ASX:SFM ASX:GSM ASX:TKL ASX:PVW ASX:WSR ASX:WC1 ASX:DMG SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 MIC:PLZL JSE:GFI AU
Traded in Other Exchanges
N/A
Address
2 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.arumaresources.com
Aruma Resources Ltd is engaged in gold exploration and mining in Australia. It is an active gold-focused and lithium exploration company. The projects of the company include Mt Deans Lithium Project, Salmon Gums Gold Project, Saltwater Gold Project, Melrose Gold Project and Carter Well Gold Project. The company reports only one segment which is the mineral exploration industry in Australia.

Aruma Resources Headlines

No Headlines