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Ador Welding (BOM:517041) 6-Month Price Index : 0.90 (As of Jun. 19, 2024)


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What is Ador Welding 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 (2024-06-19), Ador Welding's 6-Month Price Index is 0.90.


Competitive Comparison of Ador Welding's 6-Month Price Index

For the Specialty Industrial Machinery subindustry, Ador Welding'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.


Ador Welding  (BOM:517041) 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.


Ador Welding  (BOM:517041) 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.


Ador Welding 6-Month Price Index Related Terms

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Ador Welding (BOM:517041) Business Description

Traded in Other Exchanges
Address
Ador House, 6, K. Dubash Marg, Fort, 4th Floor, Mumbai, MH, IND, 400001
Ador Welding Ltd is a welding and cutting solution provider company offering welding consumables, and equipment, automation solutions, and skill development. The strategic business units are welding electrodes, wires and fluxes, welding and cutting equipment, gas cutting, PPE and accessories and CNC machines, project engineering solutions, and welding automation. Its business segments are Consumables; Equipment and automation and Flares and Process Equipment. The company generates maximum revenue from the Consumables segment.

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