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Magellan Aerospace (FRA:4M7A) 6-Month Price Index : 1.12 (As of Jun. 16, 2024)


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What is Magellan Aerospace 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 (2024-06-16), Magellan Aerospace's 6-Month Price Index is 1.12.

Competitive Comparison of Magellan Aerospace's 6-Month Price Index

For the Aerospace & Defense subindustry, Magellan Aerospace'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.

Magellan Aerospace  (FRA:4M7A) 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.

Magellan Aerospace  (FRA:4M7A) 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.

Magellan Aerospace 6-Month Price Index Related Terms

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

Magellan Aerospace (FRA:4M7A) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (FRA:4M7A) » Definitions » 6-Month Price Index
Comparable Companies
TSX:HRX TSX:FTG NEOE:MAXQ TSXV:VOL XCNQ:DPRO TSXV:FLY XCNQ:SNA TSXV:KWE TSX:MDA GE RTX XPAR:AIR LMT BA XPAR:SAF GD TDG NOC LSE:BA. LSE:RR.
Traded in Other Exchanges
MALJF:USA 4M7A:Germany MAL:Canada
Address
3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9
Website
https://www.magellan.aero
Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.

Magellan Aerospace (FRA:4M7A) Headlines

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