Renu Energy (ASX:RNE) 6-Month Price Index : 0.53 (As of Jun. 02, 2024)

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What is Renu Energy 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 (2024-06-02), Renu Energy's 6-Month Price Index is 0.53.

Competitive Comparison of Renu Energy's 6-Month Price Index

For the Utilities - Renewable subindustry, Renu Energy'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.

Renu Energy (ASX:RNE) 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.

Renu Energy (ASX:RNE) 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.

Renu Energy 6-Month Price Index Related Terms

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Renu Energy (ASX:RNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Renu Energy Ltd (ASX:RNE) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

GDYMF:USA

Address

52 McDougall Street, P.O. Box 2046, Level 2, Corporate House, Kings Row 1, Milton, QLD, AUS, 4064

Website

https://www.renuenergy.com.au

Renu Energy Ltd delivers clean energy products and services. It builds, owns, operates, and maintains renewable energy assets so its customers can access renewable energy, at a lower price, with no upfront cost. The company operates in two segments namely Hydrogen and Renewable and Clean Energy Investments. It derives majority of its revenue from Renewable and Clean Energy Investment Segment.

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