Equal Weighted Index

This item creates an equal-weighted index given a basket of assets and a reference date. The close, open, high, low and volume fields of the index or composite are constructed based on the weight of each asset on the reference date.

By default, the reference date is set to the beginning of 2008. At that date, the index has a value of 100. On a subsequent date, the close price (or high, open, low, volume) of each asset is divided by the price on the reference/rebalance date, the results are then averaged and assigned to the equal-weighted index.

How to update the list of assets:

- Open the composite tool by selecting "Tools" then "Composites"
- Select the equally weighted index then click on "Update"
- Select your stocks or securities in the "Symbols Filter" control
- Click on "Next" several times to save the composite settings

How to specify the reference date:

- Update the composite
- Click on "Next" then update the first line of the index formula

Example:
year1 = 2006;

To set 01/01/2006 as the reference date

How to rename your equally weighted index:

- Click on the button next to the search box (Composites Form)
- Double click on your composite then rename it

Technical Analysis

• NSE Open Interest
• Ratio of Equal-weighted to Market capitalization-weighted S&P 500 Index
• NYSE Up-Down Volume Ratio - Historical & Intraday
• Volume High
• Scale-In On Price Drop
• Skewness of a Distribution
• Flat Market Indicator
• SMA 50-200
• Moving Average Convergence/Divergence with Exponential Moving Average
• Hanging Man
• More trading objects...

Fundamental Analysis

• Producer Price Index - PPI
• EPS Surprise and Actual
• NYSE Arca - Daily short sale data
• Analyst downgrades & upgrades
• Permabear Sentiment Index
• Recent Insider Buying and Selling for US Stocks
• Sales, Growth and Estimates
• Euronext Paris - News Data
• Morningstar Historical Fundamentals
• Insider trading data
• More trading objects...