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Shinhan Financial Group Co (Shinhan Financial Group Co) 6-Month Price Index : 1.32 (As of Apr. 27, 2024)


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What is Shinhan Financial Group Co 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), Shinhan Financial Group Co's 6-Month Price Index is 1.32.

Competitive Comparison of Shinhan Financial Group Co's 6-Month Price Index

For the Banks - Regional subindustry, Shinhan Financial Group Co'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.

Shinhan Financial Group Co  (NYSE:SHG) 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.

Shinhan Financial Group Co  (NYSE:SHG) 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.

Shinhan Financial Group Co 6-Month Price Index Related Terms

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Shinhan Financial Group Co (Shinhan Financial Group Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinhan Financial Group Co Ltd (NYSE:SHG) » Definitions » 6-Month Price Index
Comparable Companies
XKRX:105560 XKRX:086790 XKRX:323410 XKRX:024110 XKRX:316140 XKRX:175330 XKRX:138930 XKRX:139130 XKRX:006220 XKRX:007330 NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05
Traded in Other Exchanges
055550:Korea
Address
20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513
Website
http://www.shinhangroup.com
Shinhan Financial is Korea's largest banking group. Its 11.2% market share of loans trails KB's 12.8%, but Shinhan has more contribution from nonbank and overseas businesses than rivals. Nonbank units include Shinhan Card, the country's largest credit card company, brokerage firm Shinhan Securities, and a top-five presence in life insurance. It also owns leasing firm Shinhan Capital, Shinhan Asset Management, and regional bank Jeju Bank, among others. Unlike KB, whose predecessor banks were originally founded by the government, Shinhan has always been a private-sector bank, having grown to the top spot organically and through M&A after having been only a second-tier player before the Asian financial crisis.