GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (FRA:MGG) » Definitions » 6-Month Price Index

MGM Resorts International (FRA:MGG) 6-Month Price Index : 1.04 (As of May. 21, 2024)


View and export this data going back to 1997. Start your Free Trial

What is MGM Resorts International 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 (2024-05-21), MGM Resorts International's 6-Month Price Index is 1.04.

Competitive Comparison of MGM Resorts International's 6-Month Price Index

For the Resorts & Casinos subindustry, MGM Resorts International'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.

MGM Resorts International  (FRA:MGG) 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.

MGM Resorts International  (FRA:MGG) 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.

MGM Resorts International 6-Month Price Index Related Terms

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

MGM Resorts International (FRA:MGG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (FRA:MGG) » Definitions » 6-Month Price Index
Comparable Companies
WYNN CZR MTN BYD HGV VAC RRR MLCO PENN MSC LVS HKSE:01928 HKSE:00027 SGX:G13 HKSE:02282 HKSE:01128 XKLS:3182 XKLS:4715 XPAR:BAIN HKSE:00880
Traded in Other Exchanges
MGM:USA MGM:Mexico M1GM34:Brazil
Address
3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Website
https://www.mgmresorts.com
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

MGM Resorts International (FRA:MGG) Headlines

No Headlines