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Nucor (BSP:N1UE34) 6-Month Price Index : 1.17 (As of May. 01, 2024)


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What is Nucor 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), Nucor's 6-Month Price Index is 1.17.

Competitive Comparison of Nucor's 6-Month Price Index

For the Steel subindustry, Nucor'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.

Nucor  (BSP:N1UE34) 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.

Nucor  (BSP:N1UE34) 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.

Nucor 6-Month Price Index Related Terms

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

Nucor (BSP:N1UE34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nucor Corp (BSP:N1UE34) » Definitions » 6-Month Price Index
Comparable Companies
STLD RS TX CLF X CMC WS MTUS ZEUS RDUS BOM:500228 NSE:TATASTEEL XKRX:005490 SHSE:600019 XAMS:MT TSE:5401 MIC:CHMF TPE:2002 BOM:532286 SZSE:000708
Traded in Other Exchanges
NUE:USA NUE:Mexico NUO:Germany NUO:Germany NUE:Argentina
Address
1915 Rexford Road, Charlotte, NC, USA, 28211
Website
https://www.nucor.com
Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.

Nucor (BSP:N1UE34) Headlines

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