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CIHKY (China Merchants Bank Co) 6-Month Price Index : 1.14 (As of Dec. 13, 2024)


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What is China Merchants Bank Co 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 (2024-12-13), China Merchants Bank Co's 6-Month Price Index is 1.14.

Competitive Comparison of China Merchants Bank Co's 6-Month Price Index

For the Banks - Regional subindustry, China Merchants Bank Co'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.

China Merchants Bank Co  (OTCPK:CIHKY) 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.

China Merchants Bank Co  (OTCPK:CIHKY) 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.

China Merchants Bank Co 6-Month Price Index Related Terms

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

China Merchants Bank Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Merchants Bank Co Ltd (OTCPK:CIHKY) » Definitions » 6-Month Price Index
Comparable Companies
SHSE:601166 SHSE:601998 SHSE:600000 SZSE:000001 SHSE:601818 SHSE:600919 SHSE:600016 SZSE:002142 SHSE:601169 SHSE:601229 NSE:HDFCBANK NSE:ICICIBANK SAU:1120 SGX:D05 NSE:SBIN PNC USB ISX:BBCA HKSE:01658 MIL:ISP
Traded in Other Exchanges
CIHHF:USA 03968:Hong Kong M4B:Germany 600036:China
Address
No. 7088, Shennan Boulevard, 26th Floor, China Merchants Bank Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040
Website
https://www.cmbchina.com
China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 57%, 41%, and 2% of total profit before tax, respectively, and 56%, 41%, and 3% of total revenue in 2023.