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Sagen MI Canada (TSX:MIC.PR.A.PFD) 6-Month Price Index : 1.13 (As of Sep. 23, 2024)


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What is Sagen MI Canada 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 (2024-09-23), Sagen MI Canada's 6-Month Price Index is 1.13.

Competitive Comparison of Sagen MI Canada's 6-Month Price Index

For the Insurance - Specialty subindustry, Sagen MI Canada'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.

Sagen MI Canada  (TSX:MIC.PR.A.PFD) 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.

Sagen MI Canada  (TSX:MIC.PR.A.PFD) 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.

Sagen MI Canada 6-Month Price Index Related Terms

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Sagen MI Canada Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sagen MI Canada Inc (TSX:MIC.PR.A.PFD) » Definitions » 6-Month Price Index
Comparable Companies
Traded in Other Exchanges
N/A
Address
2060 Winston Park Drive, Suite 300, Oakville, ON, CAN, L6H 5R7
Website
https://www.sagen.ca
Sagen MI Canada Inc private sector residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. The company operates exclusively in Canada, with roughly half its policies in Ontario and remaining policies in Alberta, British Columbia, Quebec and Other.

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