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Eastman Chemical Co (MEX:EMN) 6-Month Price Index : 1.42 (As of Dec. 13, 2024)


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What is Eastman Chemical 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 (2024-12-13), Eastman Chemical Co's 6-Month Price Index is 1.42.

Competitive Comparison of Eastman Chemical Co's 6-Month Price Index

For the Specialty Chemicals subindustry, Eastman Chemical 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.

Eastman Chemical Co  (MEX:EMN) 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.

Eastman Chemical Co  (MEX:EMN) 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.

Eastman Chemical Co 6-Month Price Index Related Terms

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

Eastman Chemical Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eastman Chemical Co (MEX:EMN) » Definitions » 6-Month Price Index
Comparable Companies
ALB AXTA WLK ESI RPM CBT BCPC ALTM NEU AVNT LIN SHW XPAR:AI APD ECL XSWX:SIKA XSWX:GIVN DD ISX:TPIA SHSE:600309
Traded in Other Exchanges
EMN:USA 0IF3:UK EAC:Germany EAC:Germany
Address
200 South Wilcox Drive, Kingsport, TN, USA, 37662
Website
https://www.eastman.com
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemical company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.