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Remgro (JSE:REM) 6-Month Price Index : 0.86 (As of Jun. 09, 2024)


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What is Remgro 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 (2024-06-09), Remgro's 6-Month Price Index is 0.86.

Competitive Comparison of Remgro's 6-Month Price Index

For the Asset Management subindustry, Remgro'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.

Remgro  (JSE:REM) 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.

Remgro  (JSE:REM) 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.

Remgro 6-Month Price Index Related Terms

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

Remgro (JSE:REM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Remgro Ltd (JSE:REM) » Definitions » 6-Month Price Index
Comparable Companies
JSE:NY1 JSE:KST JSE:CML JSE:AIL JSE:ZED JSE:SBP JSE:EPE JSE:RACP JSE:MHB BLK KKR BX OSTO:INVE A TSX:BN APO BK AMP OSTO:EQT LSE:III XSWX:PGHN
Traded in Other Exchanges
RMGOF:USA RE7:Germany
Address
16 Stellentia Avenue, Millennia Park, Stellenbosch, ZAF, 7600
Website
https://www.remgro.com
Remgro Ltd is an investment holding company that consists of operating subsidiaries and noncontrolled investments in listed and unlisted companies. The company's investments span a variety of end markets, including food, liquor, home care, banking, healthcare, insurance, industrial, infrastructure, media, and sports industries. Its business model emphasizes decentralization, particularly concerning the management and corporate governance matters of its holdings. Management invests in companies it believes can generate superior levels of free cash flow. Its investment candidates mostly come from South Africa, where the company operates. Management also makes global investments in tandem with experienced partners.