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Weiqiao Textile Co (Weiqiao Textile Co) 6-Month Price Index : 2.07 (As of Jun. 20, 2024)


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What is Weiqiao Textile 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 (2024-06-20), Weiqiao Textile Co's 6-Month Price Index is 2.07.

Competitive Comparison of Weiqiao Textile Co's 6-Month Price Index

For the Textile Manufacturing subindustry, Weiqiao Textile 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.

Weiqiao Textile Co  (OTCPK:WQTEF) 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.

Weiqiao Textile Co  (OTCPK:WQTEF) 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.

Weiqiao Textile Co 6-Month Price Index Related Terms

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Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (OTCPK:WQTEF) » Definitions » 6-Month Price Index
Comparable Companies
HKSE:02678 HKSE:01795 HKSE:01382 HKSE:02111 HKSE:00321 HKSE:00528 HKSE:00420 HKSE:01400 HKSE:03778 HKSE:00707 HKSE:02313 SHSE:600346 SZSE:000301 TSE:3402 IST:SASA TPE:1402 SHSE:601233 SHSE:600295 BOM:532889 AIN
Traded in Other Exchanges
02698:Hong Kong WEZ:Germany
Address
No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200
Website
http://www.wqfz.com
Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

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