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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (21122)10/8/2001 7:25:56 PM
From: The Freep  Read Replies (1) | Respond to of 52237
 
BIX: The S&P Banks Index is a capitalization-weighted index of domestic equities traded on the New York Stock Exchange and NASDAQ. The stocks in the Index are high-capitalization stocks representing a sector of the S&P 500. The component stocks are weighted according to the total market value of their outstanding shares. The impact of a component's price change is proportional to the issue's total market value, which is the share price times the number of shares outstanding. These are summed for all stocks and divided by a predetermined base value. The base value is adjusted to reflect changes in capitalization resulting from mergers, acquisitions, stock rights, substitutions, etc.

BKX: The KBW Bank Sector is a capitalization-weighted index composed of 24 geographically diverse stocks representing national money center banks and leading regional institutions. BKX allows investors to capture investment opportunities and/or hedge an equity position in the dramatically changing landscape of the banking industry without having to select a specific portfolio of financial institutions. This sector option is based on one-tenth the value of the Keefe, Bruyette & Woods Index (KBWI). Founded in 1962, Keefe, Bruyette & Woods is long recognized as the "banking industry experts," following more than 200 commercial banking and thrift industries on a daily basis. The index was initiated at the time of the firm's founding and was calculated retroactively to 1947. The index is evaluated at least annually by Keefe, Bruyette & Woods to review whether the composition is highly representative of the banking industry. The BKX sector option was set to an initial value of 250 on October 21, 1991.

Wanna see the stocks in each index? Try this fantastic link, no doubt borrowed by me from someone else on SI <g>. (Above info also taken from this link)

mobydata.com

the freep