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Metcash (ASX:MTS) 6-Month Price Index : 1.08 (As of May. 01, 2024)


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What is Metcash 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 (2024-05-01), Metcash's 6-Month Price Index is 1.08.

Competitive Comparison of Metcash's 6-Month Price Index

For the Food Distribution subindustry, Metcash'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.

Metcash  (ASX:MTS) 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.

Metcash  (ASX:MTS) 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.

Metcash 6-Month Price Index Related Terms

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

Metcash (ASX:MTS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metcash Ltd (ASX:MTS) » Definitions » 6-Month Price Index
Comparable Companies
ASX:HPC SYY LSE:BNZL XLIS:JMT USFD PFGC BKK:CPAXT JSE:BID BSP:CRFB3 SGX:VC2 ADX:GHITHA XTER:B4B ANDE SAU:4162 TSE:7451 SZSE:000061 XKRX:026960 CHEF XKRX:006040 JSE:SPP
Traded in Other Exchanges
MCSHF:USA MG9:Germany
Address
1 Thomas Holt Drive, Macquarie Park, Sydney, NSW, AUS, 2113
Website
https://www.metcash.com
Metcash is a wholesale distribution and marketing company specialising in food, liquor, and hardware. Centralised wholesale distribution enables retailers to gain access to the combined scale of many retailers to negotiate material volume discounts.The food segment distributes of a range of products and services to independent supermarket and convenience stores. The hardware segment distributes hardware products to independent retail outlets and operates company-owned stores. The liquor segment distributes liquor products to independent retailers and pubs.

Metcash (ASX:MTS) Headlines

From GuruFocus

Metcash Stock Is Estimated To Be Modestly Overvalued

By GF Value GF Value • 05-11-2021