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Kauno Energija AB (OVSE:KNR1L) 6-Month Price Index : 1.03 (As of Jun. 03, 2024)


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What is Kauno Energija 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 (2024-06-03), Kauno Energija AB's 6-Month Price Index is 1.03.


Competitive Comparison of Kauno Energija AB's 6-Month Price Index

For the Utilities - Renewable subindustry, Kauno Energija 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.


Kauno Energija AB  (OVSE:KNR1L) 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.


Kauno Energija AB  (OVSE:KNR1L) 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.


Kauno Energija AB 6-Month Price Index Related Terms

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Kauno Energija AB (OVSE:KNR1L) Business Description

Traded in Other Exchanges
N/A
Address
Raudondvario Road 84, Kaunas, LTU, 47179
Kauno Energija AB is a company engaged in heat and hot water supplies in the cities of Kaunas and Jurbarkas and in Kaunas district, Lituania. In addition, the company is also involved in electricity generation and distribution. The company carries out supervision of indoor heat and hot water supply systems, repair and maintenance of heat unit equipment, provides rental services premises. It generates a vast majority of its revenues from heat supplies.

Kauno Energija AB (OVSE:KNR1L) Headlines

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