GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Australia Bank Ltd (OTCPK:NABZY) » Definitions » 6-Month Price Index

National Australia Bank (National Australia Bank) 6-Month Price Index : 1.23 (As of Apr. 27, 2024)


View and export this data going back to 2007. Start your Free Trial

What is National Australia Bank 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 (2024-04-27), National Australia Bank's 6-Month Price Index is 1.23.


Competitive Comparison of National Australia Bank's 6-Month Price Index

For the Banks - Diversified subindustry, National Australia Bank'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.


National Australia Bank  (OTCPK:NABZY) 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.


National Australia Bank  (OTCPK:NABZY) 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.


National Australia Bank 6-Month Price Index Related Terms

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


National Australia Bank (National Australia Bank) Business Description

Address
395 Bourke Street, Level 28, Melbourne, VIC, AUS, 3000
National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the third-largest bank by market capitalization, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australia's largest digital-only banks. Offshore operations in New Zealand round out the group.

National Australia Bank (National Australia Bank) Headlines

From GuruFocus

National Australia Bank Ltd's Dividend Analysis

By GuruFocus Research 11-16-2023

3 High-Forward Dividend Yield Companies

By Alberto Abaterusso Alberto Abaterusso 08-26-2019