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Tethys Oil AB (OSTO:TETY) 6-Month Price Index : 0.81 (As of Jun. 10, 2024)


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What is Tethys Oil 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 (2024-06-10), Tethys Oil AB's 6-Month Price Index is 0.81.

Competitive Comparison of Tethys Oil AB's 6-Month Price Index

For the Oil & Gas E&P subindustry, Tethys Oil 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.

Tethys Oil AB  (OSTO:TETY) 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.

Tethys Oil AB  (OSTO:TETY) 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.

Tethys Oil AB 6-Month Price Index Related Terms

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

Tethys Oil AB (OSTO:TETY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tethys Oil AB (OSTO:TETY) » Definitions » 6-Month Price Index
Comparable Companies
OSTO:MAHA A OSTO:MISE XSAT:ABI COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN FANG CTRA BKK:PTTEP TSE:1605 TSX:TOU OSL:AKRBP EQT
Traded in Other Exchanges
TZB0:Germany
Address
Hovslagargatan 5B, 1 tr, Stockholm, SWE, SE-111 48
Website
https://www.tethysoil.com
Tethys Oil AB is a Sweden-based energy company. The company is focused on oil and gas exploration and production onshore areas with known discoveries. Its core area of focus is the Sultanate of Oman, where the company holds license interests in three onshore blocks Blocks 3 and 4, Block 49, Block 56, and Block 58. . Tethys Oil has licenses in three countries namely Oman, Lithuania, and France. The majority of its revenue is generated through its operations in Oman.

Tethys Oil AB (OSTO:TETY) Headlines

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