Rheinmetall AG (Rheinmetall AG) 6-Month Price Index : 1.92 (As of Jun. 10, 2024)

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What is Rheinmetall AG 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), Rheinmetall AG's 6-Month Price Index is 1.92.

Competitive Comparison of Rheinmetall AG's 6-Month Price Index

For the Aerospace & Defense subindustry, Rheinmetall AG'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.

Rheinmetall AG (OTCPK:RNMBF) 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.

Rheinmetall AG (OTCPK:RNMBF) 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.

Rheinmetall AG 6-Month Price Index Related Terms

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Rheinmetall AG (Rheinmetall AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rheinmetall AG (OTCPK:RNMBF) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

RNMBY:USA 1RHM:Italy RHMd:UK 0NI1:UK RHM:Germany RHMB:Germany RHMB:Germany RHM:Germany RHM:Germany RHM:Germany RHM:Austria

Address

Rheinmetall Platz 1, Dusseldorf, NW, DEU, 40476

Website

https://www.rheinmetall.com

Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapon and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapon and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.