Nichias (TSE:5393) 6-Month Price Index : 1.44 (As of Jun. 06, 2024)

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What is Nichias 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 (2024-06-06), Nichias's 6-Month Price Index is 1.44.

Competitive Comparison of Nichias's 6-Month Price Index

For the Conglomerates subindustry, Nichias'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.

Nichias (TSE:5393) 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.

Nichias (TSE:5393) 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.

Nichias 6-Month Price Index Related Terms

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

Nichias (TSE:5393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nichias Corp (TSE:5393) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

NICFF:USA

Address

6-1, Hatchobori 1-chome, Chuo-ku, Tokyo, JPN, 104-8555

Website

http://www.nichias.co.jp

Nichias Corp is engaged in five businesses, each contributing between roughly 10% and 30% of the company's total revenue. Energy and Industrial Plants, the largest business by sales, provides engineering services and products to energy plant customers that have construction and maintenance needs. Industrial Products provides a wide range of products to the infrastructure industry. Autoparts provides heat-proofing and sound-proofing products to automobile and automobile parts manufacturers. Building Materials supplies and installs fireproof building materials for residences and buildings. Advanced Products, the smallest business, provides components and materials for semiconductors to electronics-related industries. Nearly all the company's sales are in Asia, with more than 80% from Japan.

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