Harbin Electric Co (HKSE:01133) 6-Month Price Index : 1.23 (As of May. 12, 2024)

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What is Harbin Electric 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 (2024-05-12), Harbin Electric Co's 6-Month Price Index is 1.23.

Competitive Comparison of Harbin Electric Co's 6-Month Price Index

For the Specialty Industrial Machinery subindustry, Harbin Electric 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.

Harbin Electric Co (HKSE:01133) 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.

Harbin Electric Co (HKSE:01133) 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.

Harbin Electric Co 6-Month Price Index Related Terms

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Harbin Electric Co (HKSE:01133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Electric Co Ltd (HKSE:01133) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

HP6H:Germany

Address

1399 Chuangxinyi Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150028

Website

https://www.hpec.com

Harbin Electric Co Ltd is a China-based manufacturer of power plant equipment. The company operates in six segments: Thermal power equipment, Hydropower equipment, Power station engineering services, Power station auxiliary equipment and ancillary products, Nuclear products, AC & DC motors, and others. Some of its products are grade boilers, steam turbines, steam turbine generators, voltage stabilizers, gasifiers, nuclear main pump motors, passive surplus drains, petrochemical vessels & axial fans, and power station auxiliary equipment. Its geographical segments are China, which accounts for the majority of revenue; Pakistan; the United Arab Emirates; Ecuador; Iraq; and other countries.

Harbin Electric Co (HKSE:01133) Headlines

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