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Redeiaoracion (Redeiaoracion) 6-Month Price Index : 0.98 (As of Apr. 25, 2024)


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What is Redeiaoracion 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 (2024-04-25), Redeiaoracion's 6-Month Price Index is 0.98.

Competitive Comparison of Redeiaoracion's 6-Month Price Index

For the Utilities - Regulated Electric subindustry, Redeiaoracion'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.

Redeiaoracion  (OTCPK:RDEIF) 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.

Redeiaoracion  (OTCPK:RDEIF) 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.

Redeiaoracion 6-Month Price Index Related Terms

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Redeiaoracion (Redeiaoracion) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Redeia Corporacion SA (OTCPK:RDEIF) » Definitions » 6-Month Price Index
Comparable Companies
XMAD:ELE NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG ED BOM:532898 XEL EIX WEC SHSE:601985 DTE ETR FE
Traded in Other Exchanges
RDEIY:USA 1REE:Italy REDe:UK 0RI5:UK RED:Spain RE21:Germany
Address
Paseo del Conde de los Gaitanes, 177, Alcobendas, Madrid, ESP, 28109
Website
https://www.ree.es
Redeia owns and operates the Spanish electric transmission system. The company has acquired almost all of the nation's power grid, which other owners were forced to sell to it by government decree. Its activities are regulated by the National Energy Commission, which answers to the Spanish legislature. Redeia also operates a small fibre-optics network in Spain and has a growing Latin American infrastructure business. The group significantly increased its exposure to telecommunications by acquiring Spanish communications satellite operator Hispasat from Abertis in 2019.

Redeiaoracion (Redeiaoracion) Headlines

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