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Ultrack Systems (Ultrack Systems) 6-Month Price Index : 0.29 (As of Jun. 09, 2024)


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What is Ultrack Systems 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 (2024-06-09), Ultrack Systems's 6-Month Price Index is 0.29.

Competitive Comparison of Ultrack Systems's 6-Month Price Index

For the Scientific & Technical Instruments subindustry, Ultrack Systems'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.

Ultrack Systems  (OTCPK:MJLB) 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.

Ultrack Systems  (OTCPK:MJLB) 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.

Ultrack Systems 6-Month Price Index Related Terms

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

Ultrack Systems (Ultrack Systems) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ultrack Systems Inc (OTCPK:MJLB) » Definitions » 6-Month Price Index
Comparable Companies
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Traded in Other Exchanges
N/A
Address
11 Buttermill Avenue, Concord, ON, CAN, L4K 3X1
Website
https://www.ultrack.ca
Ultrack Systems Inc helps its clients locate, track, and manage their assets using wireless and GPS-based technologies. It provides an accurate and affordable means of tracking moving assets. Its compact trackers and easy-to-use tracking software allow the monitor or track any asset virtually anywhere in the world. This kind of application results in improved security, productivity, and customer service. Each vehicle outfitted with a unit can be seen from a virtual map platform and managing a fleet of vehicles becomes easy, efficient, and effortless. This tool is useful in determining the quality of the driver behind the wheel and who is an asset or a liability to the company.

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