GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Morinaga Milk Industry Co Ltd (TSE:2264) » Definitions » 6-Month Price Index

Morinaga Milk Industry Co (TSE:2264) 6-Month Price Index : 1.05 (As of Apr. 26, 2024)


View and export this data going back to 1954. Start your Free Trial

What is Morinaga Milk Industry 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 (2024-04-26), Morinaga Milk Industry Co's 6-Month Price Index is 1.05.


Competitive Comparison of Morinaga Milk Industry Co's 6-Month Price Index

For the Packaged Foods subindustry, Morinaga Milk Industry 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.


Morinaga Milk Industry Co  (TSE:2264) 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.


Morinaga Milk Industry Co  (TSE:2264) 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.


Morinaga Milk Industry Co 6-Month Price Index Related Terms

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


Morinaga Milk Industry Co (TSE:2264) Business Description

Traded in Other Exchanges
Address
33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384
Morinaga Milk Industry Co., Ltd. is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipments. The company through its subsidiaries markets its products internationally.

Morinaga Milk Industry Co (TSE:2264) Headlines

No Headlines