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Abbott Laboratories (WBO:ABT) 6-Month Price Index : 1.14 (As of Dec. 15, 2024)


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What is Abbott Laboratories 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 (2024-12-15), Abbott Laboratories's 6-Month Price Index is 1.14.

Competitive Comparison of Abbott Laboratories's 6-Month Price Index

For the Medical Devices subindustry, Abbott Laboratories'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.

Abbott Laboratories  (WBO:ABT) 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.

Abbott Laboratories  (WBO:ABT) 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.

Abbott Laboratories 6-Month Price Index Related Terms

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

Abbott Laboratories Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Abbott Laboratories (WBO:ABT) » Definitions » 6-Month Price Index
Comparable Companies
SYK BSX MDT EW DXCM ZBH STE PODD GMED PEN XTER:SHL SZSE:300760 XAMS:PHIA XSWX:SOON SHSE:688271 ASX:COH LSE:SN. BIO MASI BRKR
Traded in Other Exchanges
ABT:USA ABT:Mexico ABLd:UK ABL:Germany ABL:Germany ABL:Germany ABL:Germany ABTT34:Brazil ABL:Bulgaria ABT:Argentina
Address
100 Abbott Park Road, Abbott Park, IL, USA, 60064-6400
Website
https://www.abbottinvestor.com
Abbott manufactures and markets cardiovascular and diabetes devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, continuous glucose monitors, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.