These are the last 6 months data points created by comparing the share price to my home made "Mining Services" index. I put NMS in that index because I thought it was probably more suitable than general engineering.
From those points it is possible to extrapolate high , low, medium points.
Any vertical movement is a result of index chages. Any horizontal movment is by the share price moving independently of the index. ie the price is moving on its merits alone.
The different colours are just to make it easier to see when these data points occurred. ie dark blue was about 6 months ago, dark green recently.
Of course it cannot tell the future but it at least gives some idea if the share price is underperforming compared to the index or if the share price is cheap.
Below is the 3 month chart of NMS against my index. It has been clearly outperforming the index so I am concluding that at the present moment the share price is cheap.
I could also be writing absolute nonsense.
Cheers Bungi
Cheers Bungi
NMS Price at posting:
33.0¢ Sentiment: Buy Disclosure: Not Held
