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Western Forest Products (TSX:WEF) 6-Month Price Index : 0.76 (As of Jun. 08, 2024)


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What is Western Forest Products 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 (2024-06-08), Western Forest Products's 6-Month Price Index is 0.76.

Competitive Comparison of Western Forest Products's 6-Month Price Index

For the Lumber & Wood Production subindustry, Western Forest Products'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.

Western Forest Products  (TSX:WEF) 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.

Western Forest Products  (TSX:WEF) 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.

Western Forest Products 6-Month Price Index Related Terms

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

Western Forest Products (TSX:WEF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Western Forest Products Inc (TSX:WEF) » Definitions » 6-Month Price Index
Comparable Companies
TSX:GDL TSX:GFP TSX:CFF TSX:ADN OSTO:SCA A UFPI SSD TSX:WFG TSX:SJ BOM:532548 XLIS:COR SZSE:002043 TSX:CFP BSP:DXCO3 SHSE:600189 TSX:IFP XTER:ST5 XKRX:025900 SZSE:000592 SZSE:000910
Traded in Other Exchanges
WFSTF:USA NWF:Germany
Address
1055 West Georgia Street, Suite 800, P.O. Box 11122, Royal Centre Building, Vancouver, BC, CAN, V6E 3P3
Website
https://www.westernforest.com
Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprises Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's large markets and contribute the vast majority of its total revenue.
Executives
Glen Douglas Nontell Senior Officer

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