Aveng (JSE:AEG) 6-Month Price Index : 0.90 (As of Jun. 12, 2024)

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What is Aveng 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 (2024-06-12), Aveng's 6-Month Price Index is 0.90.

Competitive Comparison of Aveng's 6-Month Price Index

For the Engineering & Construction subindustry, Aveng'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.

Aveng (JSE:AEG) 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.

Aveng (JSE:AEG) 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.

Aveng 6-Month Price Index Related Terms

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Aveng (JSE:AEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Aveng Ltd (JSE:AEG) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

UG8K:Germany

Address

10 The High Street, 3rd Floor, Melrose Arch, Johannesburg, GT, ZAF, 2076

Website

https://www.aveng.co.za

Aveng Ltd is in the construction and engineering business. It has the following segments. The Construction and Engineering segment specializes in the construction and maintenance of tunnels and pipelines, construction and Engineering: South Africa and rest of Africa; and mineral construction. It comprises McConnell Dowell and is divided into Australia, New Zealand, and Pacific, Built Environs, and Southeast Asia. The Mining segment comprises Moolmans and operates in the open cut and underground mining sectors. Construction and Engineering South Africa segment, Other and Eliminations segment comprises corporate services, Africa construction, corporate held investments, including properties and consolidation eliminations, and Manufacturing and Processing segment.