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Mega African Capital (XGHA:MAC) 6-Month Price Index : 1.00 (As of Sep. 21, 2024)


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What is Mega African Capital 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 (2024-09-21), Mega African Capital's 6-Month Price Index is 1.00.

Competitive Comparison of Mega African Capital's 6-Month Price Index

For the Asset Management subindustry, Mega African Capital'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.

Mega African Capital  (XGHA:MAC) 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.

Mega African Capital  (XGHA:MAC) 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.

Mega African Capital 6-Month Price Index Related Terms

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

Mega African Capital Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » 6-Month Price Index
Comparable Companies
BOM:532164 XLJU:VHDR BOM:526251 BOM:511507 WAR:WBY WAR:PMF BOM:530055 BOM:538351 BOM:512020 BOM:531515 XKRX:276920 TSXV:PPK XLJU:SING TSXV:BATS.P TSXV:ESS BOM:537068 WAR:EVE ASX:MCX BOM:531505 WAR:TLH
Traded in Other Exchanges
N/A
Address
Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA
Website
http://www.megafricancapital.com
Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.