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O-I Glass (STU:2WZ) 6-Month Price Index : 0.88 (As of May. 05, 2024)


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What is O-I Glass 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 (2024-05-05), O-I Glass's 6-Month Price Index is 0.88.

Competitive Comparison of O-I Glass's 6-Month Price Index

For the Packaging & Containers subindustry, O-I Glass'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.

O-I Glass  (STU:2WZ) 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.

O-I Glass  (STU:2WZ) 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.

O-I Glass 6-Month Price Index Related Terms

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O-I Glass (STU:2WZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » O-I Glass Inc (STU:2WZ) » Definitions » 6-Month Price Index
Comparable Companies
AMBP PTVE GEF TRS MYE PACK KRT VKSC SEE TUP BALL AVY PKG AMCR WRK IP DUB:SK3 CCK TSX:CCL.A GPK
Traded in Other Exchanges
OI:USA 2WZ:Germany
Address
One Michael Owens Way, Perrysburg, OH, USA, 43551
Website
https://www.o-i.com
O-I Glass is the world's largest manufacturer of glass bottles; 70% of its revenue comes from outside the United States. O-I has a market-leading position in key markets such as Europe, North America, and Brazil, among others. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food. In the coming years, O-I is looking to maintain or expand its dominant positions in Europe, North America, and South America.

O-I Glass (STU:2WZ) Headlines

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