Price Index 6m

Price Index 6m = Current share price / Share price 6 months ago.

It's a ratio that shows the return of a share price over a past period.

A ratio > 1 shows that there's been a price increase over the period whereas a ratio < 1 shows that there has been a price decrease.

Dividends are included (added) to the price index calculation.

You can read more about using Price Index 6m as an investment strategy here: Price Index 6m strategy back test

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You can read more about momentum investing here: 10 myths about momentum investing, squashed