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Riyad Bank (SAU:1010) 6-Month Price Index : 0.89 (As of Jun. 23, 2024)


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What is Riyad Bank 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 (2024-06-23), Riyad Bank's 6-Month Price Index is 0.89.

Competitive Comparison of Riyad Bank's 6-Month Price Index

For the Banks - Regional subindustry, Riyad Bank'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.

Riyad Bank  (SAU:1010) 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.

Riyad Bank  (SAU:1010) 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.

Riyad Bank 6-Month Price Index Related Terms

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

Riyad Bank (SAU:1010) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Riyad Bank (SAU:1010) » Definitions » 6-Month Price Index
Comparable Companies
SAU:1060 SAU:1150 SAU:1050 SAU:1140 SAU:1080 SAU:1030 SAU:1020 SAU:1180 SAU:1120 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN
Traded in Other Exchanges
N/A
Address
Eastern Ring Road, Granada Oasis, A1 Tower, P.O. Box 22622, Al Shuhada District, Riyadh, SAU, 11416
Website
https://www.riyadbank.com
Riyad Bank is a financial institution in Saudi Arabia. The company provides a full range of banking and investment services. It also provides its customer's Islamic banking products, which are approved and supervised by an independent Shariah Board established by the Bank. The company operates in four business segments: Retail Banking, Investment banking and brokerage, Corporate banking, and Treasury and Investments. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment handles corporate customers' current accounts, deposits and provides loans, overdrafts, and other credit facilities.

Riyad Bank (SAU:1010) Headlines

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