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Yiren Digital (Yiren Digital) 6-Month Price Index : 2.35 (As of Apr. 27, 2024)


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What is Yiren Digital 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), Yiren Digital's 6-Month Price Index is 2.35.

Competitive Comparison of Yiren Digital's 6-Month Price Index

For the Credit Services subindustry, Yiren Digital'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.

Yiren Digital  (NYSE:YRD) 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.

Yiren Digital  (NYSE:YRD) 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.

Yiren Digital 6-Month Price Index Related Terms

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

Yiren Digital (Yiren Digital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yiren Digital Ltd (NYSE:YRD) » Definitions » 6-Month Price Index
Comparable Companies
CPSS XYF OPRT PMTS CFNB RM MFIN FOA LX SEZL V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
19YA:Germany 19YA:Germany
Address
118 Jianguo Road, 28th Floor, China Merchants Bureau Building, Chaoyang District, Beijing, CHN, 100022
Website
https://www.yiren.com
Yiren Digital Ltd is a fintech company in China connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investors and individual borrower demand in China through online and offline channels to efficiently match borrowers with investors and execute loan transactions. The company has three operating segments; the Yiren Wealth segment conducts holistic wealth business, the Yiren Credit segment focuses on consumer credit business, and the Other segment includes electronic commerce business. It derives a majority of its revenue from the Yiren Credit segment.