Fras-le (BSP:FRAS3) 6-Month Price Index : 1.13 (As of May. 16, 2024)

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What is Fras-le 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 (2024-05-16), Fras-le's 6-Month Price Index is 1.13.

Competitive Comparison of Fras-le's 6-Month Price Index

For the Auto Parts subindustry, Fras-le'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.

Fras-le (BSP:FRAS3) 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.

Fras-le (BSP:FRAS3) 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.

Fras-le 6-Month Price Index Related Terms

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

Fras-le (BSP:FRAS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fras-le SA (BSP:FRAS3) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rodovia Rs 122 - Km 660, 945 - Prédio Adm, Caxias Do Sul, RS, BRA, 95010550

Website

http://www.fras-le.com.br

Fras-le SA is engaged in manufacturing, marketing and import of components for brakes, couplings, transmissions, friction materials, resin-based products, auto parts, plastic artifacts and their derivative products. The company offers brake linings and pads for commercial vehicles; disc brake pads for hydraulic breaks for passenger and utility vehicles; brake linings and shoes for light vehicles; clutch facings for automotive vehicles; and motorcycle pads and shoes. It also provides aircraft pads; refitters; and pads and shoes for trains and subways, as well as universal flat sheets, molded and woven linings, and flexible molded blocks for industrial applications.

Fras-le (BSP:FRAS3) Headlines

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