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Creating your own Index. (MYIX)     

snoball - 18 Jun 2005 20:37

Does the advanced scanner that MoneyAM advertises at the Traders level allow one to scan by book value, revenues, sales or even employee count?

snoball - 18 Jun 2005 23:49 - 3 of 3

Thanks Kayak.
It's just that I read this report that says an index by anything other than a cap rating should outperform the 'normal' indeces.

The gist is as follows:

Can we improve on cap weighting? Absolutely! Any index that is replicable, objective, and focused on large and liquid companies which are easily tradable is a potentially useful index. Any such index that is valuation-indifferent should beat the stock market. If it doesn't care what PE ratios are or what the price is when setting how large your investment in an asset should be, it should beat cap weighting.
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