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TORM (OCSE:TRMD A) 6-Month Price Index : 1.38 (As of Jun. 09, 2024)


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What is TORM 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), TORM's 6-Month Price Index is 1.38.

Competitive Comparison of TORM's 6-Month Price Index

For the Oil & Gas Midstream subindustry, TORM'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.

TORM  (OCSE:TRMD A) 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.

TORM  (OCSE:TRMD A) 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.

TORM 6-Month Price Index Related Terms

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

TORM (OCSE:TRMD A) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TORM PLC (OCSE:TRMD A) » Definitions » 6-Month Price Index
Comparable Companies
CINT ATEN DLO CHKP VRSN GEN ACIW FFIV EEFT PAYO TSX:ENB EPD ET WMB OKE KMI MPLX TSX:TRP LNG TRGP
Traded in Other Exchanges
TRMD:USA TRMDAc:UK 0RG4:UK 1T4:Germany
Address
20 Street Dunstan's Hill, OFFICE 105, London, GBR, EC3R 8HL
Website
https://www.torm.com
TORM PLC operates as a shipping company. The company owns and operates product tankers. It is primarily engaged in the transportation of refined oil products The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products. Its segments include the Tanker segment, and Marine Exhaust segment.

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