Steel Strips Wheels (BOM:513262) 6-Month Price Index : 0.84 (As of Apr. 24, 2024)

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What is Steel Strips Wheels 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 (2024-04-24), Steel Strips Wheels's 6-Month Price Index is 0.84.

Competitive Comparison of Steel Strips Wheels's 6-Month Price Index

For the Auto Parts subindustry, Steel Strips Wheels'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.

Steel Strips Wheels (BOM:513262) 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.

Steel Strips Wheels (BOM:513262) 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.

Steel Strips Wheels 6-Month Price Index Related Terms

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

Steel Strips Wheels (BOM:513262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Steel Strips Wheels Ltd (BOM:513262) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

SSWL:India

Address

Madhya Marg, SCO 49-50, Sector 26, Chandigarh, IND, 160 019

Website

https://www.sswlindia.com

Steel Strips Wheels Ltd is an India-based automotive steel wheels manufacturing company. It is engaged in the designing and manufacturing business of Steel wheel rims and Alloy wheel rims catering to different segments of the automobile industry. The company operates in India and has a presence in international markets as well. The group generates the majority of its revenue from India.

Steel Strips Wheels (BOM:513262) Headlines

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