Tubos Reunidos (XMAD:TRG) 6-Month Price Index : 1.23 (As of May. 23, 2024)

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What is Tubos Reunidos 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 (2024-05-23), Tubos Reunidos's 6-Month Price Index is 1.23.

Competitive Comparison of Tubos Reunidos's 6-Month Price Index

For the Steel subindustry, Tubos Reunidos'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.

Tubos Reunidos (XMAD:TRG) 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.

Tubos Reunidos (XMAD:TRG) 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.

Tubos Reunidos 6-Month Price Index Related Terms

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Tubos Reunidos (XMAD:TRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tubos Reunidos SA (XMAD:TRG) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

TU1:Germany

Address

Barrio de Sagarribai, 2, Amurrio, Alava, ESP, 01470

Website

http://www.tubosreunidos.com

Tubos Reunidos SA is a holding company. The company operates in the areas of the seamless tube, distribution, automotive and other sectors. Its products are essentially required by the energy sector; Oil and Gas, electrical power generation and petrochemical industry, as well as by machinery and special industrial applications. The product portfolio includes tubes manufactured in carbon, alloyed, high allowed and stainless, steels.

Tubos Reunidos (XMAD:TRG) Headlines

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