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Adelong Gold (ASX:ADG) 6-Month Price Index : 0.62 (As of May. 14, 2024)


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What is Adelong Gold 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 (2024-05-14), Adelong Gold's 6-Month Price Index is 0.62.

Competitive Comparison of Adelong Gold's 6-Month Price Index

For the Gold subindustry, Adelong Gold'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.

Adelong Gold  (ASX:ADG) 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.

Adelong Gold  (ASX:ADG) 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.

Adelong Gold 6-Month Price Index Related Terms

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

Adelong Gold (ASX:ADG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adelong Gold Ltd (ASX:ADG) » Definitions » 6-Month Price Index
Comparable Companies
ASX:KNB ASX:GSM ASX:SMS ASX:PVW ASX:RMX ASX:NPM ASX:WSR ASX:RAS ASX:RBX ASX:AAJ SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 JSE:GFI MIC:PLZL ASX:NST
Traded in Other Exchanges
N/A
Address
91 William Street, Level 4, Melbourne, VIC, AUS, 3000
Website
https://www.adelonggold.com
Adelong Gold Ltd is a mineral exploration company based in Australia. The mineral exploration includes copper, zinc, gold and other metals with a particular focus on the Gold project of the company. Its projects include the Adelong Gold project in New South Wales (NSW). The company's segment includes Adelong Gold, Challenger, Platquest, Alltower.

Adelong Gold (ASX:ADG) Headlines

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