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MGDDF (Michelin) 6-Month Price Index : 0.77 (As of Dec. 03, 2024)


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What is Michelin 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 (2024-12-03), Michelin's 6-Month Price Index is 0.77.

Competitive Comparison of Michelin's 6-Month Price Index

For the Auto Parts subindustry, Michelin'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.

Michelin  (OTCPK:MGDDF) 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.

Michelin  (OTCPK:MGDDF) 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.

Michelin 6-Month Price Index Related Terms

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

Michelin Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Michelin (OTCPK:MGDDF) » Definitions » 6-Month Price Index
Comparable Companies
XPAR:FR XPAR:FRVIA XPAR:OPM XPAR:BUR XPAR:AKW XPAR:ALATI XPAR:ALDEL XPAR:PVL TSE:6902 TSE:5108 SHSE:600660 GPC XKRX:012330 TSE:5802 MBLY NSE:MOTHERSON TSX:MG XTER:CON APTV SHSE:601689
Traded in Other Exchanges
MGDDY:USA MLp:UK 0OFM:UK ML:France MCHA:Germany MCHA:Germany MCHA:Germany
Address
23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, FRA, 63000
Website
https://www.michelin.com
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and related distribution; Road transportation and related distribution; Specialty businesses and related distribution. The company generates maximum revenue from Automotive and related distribution segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the most part in the "Road transportation and related distribution" segment.