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Norrhydro Group Oyj (OHEL:NORRH) 6-Month Price Index : 0.83 (As of Jun. 09, 2024)


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What is Norrhydro Group Oyj 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), Norrhydro Group Oyj's 6-Month Price Index is 0.83.

Competitive Comparison of Norrhydro Group Oyj's 6-Month Price Index

For the Specialty Industrial Machinery subindustry, Norrhydro Group Oyj'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.

Norrhydro Group Oyj  (OHEL:NORRH) 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.

Norrhydro Group Oyj  (OHEL:NORRH) 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.

Norrhydro Group Oyj 6-Month Price Index Related Terms

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Norrhydro Group Oyj (OHEL:NORRH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Norrhydro Group Oyj (OHEL:NORRH) » Definitions » 6-Month Price Index
Comparable Companies
OHEL:ELEAV OHEL:MERUS OHEL:VIAFIN OHEL:RAUTE OHEL:GLA1V GE XTER:SIE XPAR:SU ETN ITW XKRX:373220 OSTO:ATCO A EMR PH AME OTIS CMI ROK TSE:6273 BSP:WEGE3
Traded in Other Exchanges
U7X:Germany
Address
Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100
Website
https://www.norrhydro.com
Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

Norrhydro Group Oyj (OHEL:NORRH) Headlines

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