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Saniona AB (OSTO:SANION) 6-Month Price Index : 0.78 (As of Jun. 16, 2024)


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What is Saniona AB 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 (2024-06-16), Saniona AB's 6-Month Price Index is 0.78.

Competitive Comparison of Saniona AB's 6-Month Price Index

For the Biotechnology subindustry, Saniona AB'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.

Saniona AB  (OSTO:SANION) 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.

Saniona AB  (OSTO:SANION) 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.

Saniona AB 6-Month Price Index Related Terms

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

Saniona AB (OSTO:SANION) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Saniona AB (OSTO:SANION) » Definitions » 6-Month Price Index
Comparable Companies
OSTO:IMMU OSTO:GUARD OSTO:IRLAB A OSTO:NICA OSTO:KAN OSTO:CLBIO OSTO:ACOU OSTO:MVIR OSTO:KDEV OSTO:MAGLE OCSE:NOVO B VRTX REGN ASX:CSL SGEN XKRX:207940 MRNA HKSE:02269 XBRU:ARGX BNTX
Traded in Other Exchanges
30S:Germany
Address
Smedeland 26B, Glostrup, DNK, DK-2600
Website
https://www.saniona.com
Saniona AB researches and develops drugs for the treatment of diseases of the central nervous system, autoimmune diseases, metabolic diseases and the treatment of pain. It develops a technology platform that enables the investigation of all types of ion channel drug targets. Its research is focused on GABAA receptors, nicotinic acetylcholine receptors, and potassium channels. The company product pipeline includes Tesomet, SAN711, Tesofensine, SAN903, and SAN2219.

Saniona AB (OSTO:SANION) Headlines

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