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Tan,
Paritech (www.paritech.com.au) have a new prodcut being launched on
01 Jun 04 called "Index builder" or something along those lines that
will allow you create your own indexes (indicies?). See their
website for details.
P.S. I don't work for them.....
Hope this helps.
wabbit :D
--- In equismetastock@xxxxxxxxxxxxxxx, "Dusant" <dusant@xxxx> wrote:
> Hi Tan,
> Constructing an index is a highly developed mathematical science,
which takes the market capitalisation of its components and keep
adjusting it for splits, rights, bonus issues and dividend payouts.
> That is why the construction of the index is left to specialised
companies or stock exchanges.
> You can read more on this here.
>
> http://indexes.dowjones.com/jsp/index.jsp
>
> Each index has its component stocks. Everyday, according to the
market capitalisation of the individual stock, the weightage of the
stock is "contributed" to the index and the index is recalculated.
>
> If there is a dividend payout or stock split, the "contribution" is
accordingly added to the index. That is because the historical value
of the index cannot be changed. Therefore, the stock's weighted
contribution is changed to reflect the new scenario.
>
> Dusant
> Chief Architect
> http://www.candlestrength.com/
> ----- Original Message -----
> From: tan kok hong
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Wednesday, March 17, 2004 3:06 PM
> Subject: [EquisMetaStock Group] How to Construction an Index ?
>
>
> Hello ! can some one tell me how to construct an Dow
> Jones Index ? we know that Dow Jones Index is
> constructed by 30 main counters ... but how to
> calculate it ?
>
> thanks !
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