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Modulight (OHEL:MODU) 6-Month Price Index : 0.66 (As of Dec. 14, 2024)


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What is Modulight 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 (2024-12-14), Modulight's 6-Month Price Index is 0.66.

Competitive Comparison of Modulight's 6-Month Price Index

For the Medical Devices subindustry, Modulight'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.

Modulight  (OHEL:MODU) 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.

Modulight  (OHEL:MODU) 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.

Modulight 6-Month Price Index Related Terms

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

Modulight Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Modulight Corp (OHEL:MODU) » Definitions » 6-Month Price Index
Comparable Companies
OHEL:BRETEC OHEL:NXTMH OHEL:BONEH ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA XSWX:SOON ALGN SHSE:688271 ASX:COH LSE:SN. PODD OCSE:DEMANT
Traded in Other Exchanges
78W:Germany
Address
Hermiankatu 22, Tampere, FIN, 33720
Website
https://www.modulight.com
Modulight Corp is a biomedical company that designs and manufactures laser devices for the treatment of cancer and eye diseases and for genetics. The company also manufactures products for other high value-add applications such as quantum computing.

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