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Public Service Company of New Mexico (Public Service Company of New Mexico) 6-Month Price Index : 1.05 (As of May. 26, 2024)


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What is Public Service Company of New Mexico 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 (2024-05-26), Public Service Company of New Mexico's 6-Month Price Index is 1.05.

Competitive Comparison of Public Service Company of New Mexico's 6-Month Price Index

For the Utilities - Regulated Electric subindustry, Public Service Company of New Mexico'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.

Public Service Company of New Mexico  (OTCPK:PNMXO.PFD) 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.

Public Service Company of New Mexico  (OTCPK:PNMXO.PFD) 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.

Public Service Company of New Mexico 6-Month Price Index Related Terms

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Public Service Company of New Mexico (Public Service Company of New Mexico) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Public Service Company of New Mexico (OTCPK:PNMXO.PFD) » Definitions » 6-Month Price Index
Comparable Companies
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Traded in Other Exchanges
N/A
Address
414 Silver Avenue Southwest, Albuquerque, NM, USA, 87102-3289
Website
http://www.pnm.com
Public Service Company of New Mexico is an electric utility company. It provides electric generation, transmission, and distribution service to its rate-regulated customers. In addition, it is also involved in the provision of transmission services to third parties; and the generation and sale of electricity into the wholesale market. Geographically, it operates through the region of Mexico and it provides retail electric service to customers in north-central New Mexico, including the cities of Albuquerque, Rio Rancho and Santa Fe, and certain areas of southern New Mexico.

Public Service Company of New Mexico (Public Service Company of New Mexico) Headlines

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