Sumitomo Densetsu Co (TSE:1949) 6-Month Price Index : 1.33 (As of Dec. 12, 2024)

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What is Sumitomo Densetsu Co 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 (2024-12-12), Sumitomo Densetsu Co's 6-Month Price Index is 1.33.

Competitive Comparison of Sumitomo Densetsu Co's 6-Month Price Index

For the Engineering & Construction subindustry, Sumitomo Densetsu Co'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.

Sumitomo Densetsu Co (TSE:1949) 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.

Sumitomo Densetsu Co (TSE:1949) 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.

Sumitomo Densetsu Co 6-Month Price Index Related Terms

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Sumitomo Densetsu Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sumitomo Densetsu Co Ltd (TSE:1949) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

Awaza 2-1-4, Nishi-ku, Osaka, JPN, 550-8550

Website

http://www.sem.co.jp

Sumitomo Densetsu Co Ltd operates as a construction company. It undertakes various electricity and conditioning works, comprising of planning, designing, and engineering electrical facilities and renewal and maintenance of buildings. The company is engaged in the engineering businesses and provision of information networks for different kinds of companies, universities, and colleges. In addition, it also offers communication services, environment-friendly plans for the use of the clean energy, installation of overhead and underground power transmission, transformation, and other means for transfer of electricity. Further, it provides overseas facilities like electrical, air-conditioning, sanitary, information communication, and plant facilities.

Sumitomo Densetsu Co Headlines

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