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Lanka Ashok Leyland (COL:ASHO.N0000) 6-Month Price Index : 1.04 (As of Dec. 13, 2024)


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What is Lanka Ashok Leyland 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), Lanka Ashok Leyland's 6-Month Price Index is 1.04.

Competitive Comparison of Lanka Ashok Leyland's 6-Month Price Index

For the Auto Manufacturers subindustry, Lanka Ashok Leyland'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.

Lanka Ashok Leyland  (COL:ASHO.N0000) 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.

Lanka Ashok Leyland  (COL:ASHO.N0000) 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.

Lanka Ashok Leyland 6-Month Price Index Related Terms

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

Lanka Ashok Leyland Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lanka Ashok Leyland PLC (COL:ASHO.N0000) » Definitions » 6-Month Price Index
Comparable Companies
DHA:BSCCL DHA:MJLBD DHA:FEKDIL DHA:BXPHARMA DHA:SOUTHEASTB DHA:BATBC DHA:ABBANK DHA:GP DHA:BEXIMCO DHA:DBH TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F
Traded in Other Exchanges
N/A
Address
Panagoda, Homagama, Colombo, LKA
Website
https://www.lal.lk
Lanka Ashok Leyland PLC is engaged in the import and assembly of Semi-Knocked-Down (SKD) chassis, fabrication of bodies, import and marketing of Ashok Leyland range of vehicles, service, and maintenance. The company is also involved in the provision of spare parts, power generators, providing vehicles on hire, and carrying out repairs and restoration of commercial vehicles. It derives maximum revenue from the sale of new vehicles in the domestic market and also engages in the export of its products to other countries.

Lanka Ashok Leyland Headlines

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