GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Music Group Corp (WBO:WMG) » Definitions » 6-Month Price Index

Warner Music Group (WBO:WMG) 6-Month Price Index : 1.04 (As of Apr. 30, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Warner Music Group 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 (2024-04-30), Warner Music Group's 6-Month Price Index is 1.04.

Competitive Comparison of Warner Music Group's 6-Month Price Index

For the Entertainment subindustry, Warner Music Group'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.

Warner Music Group  (WBO:WMG) 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.

Warner Music Group  (WBO:WMG) 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.

Warner Music Group 6-Month Price Index Related Terms

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

Warner Music Group (WBO:WMG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Music Group Corp (WBO:WMG) » Definitions » 6-Month Price Index
Comparable Companies
FWONA FOXA NWSA WBD LYV SIRI PARA ROKU EDR TKO NFLX DIS XAMS:UMG XPAR:BOL XPAR:VIV XTER:EVD XKRX:352820 TSE:9602 NXST MEGACPO
Traded in Other Exchanges
WMG:USA WA4:Germany W1MG34:Brazil
Address
1633 Broadway, New York, NY, USA, 10019
Website
https://www.wmg.com
Warner Music Group is the third largest of the three major global record labels, with Vivendi's Universal Music in first and Sony Music in second. Warner's larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over 1 million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.