Category: Money tips Release Date: 2006-05-14
This week, this newspaper, "on the card and you" published estimates the number of index funds transfer positions. Response from the market perspective, transferred to the Shanghai 50 index, five stocks were strong the same day, but transferred out of five stocks fell, without exception, confirmed the "Change brings stocks to adjust effect" of the text view.
Today, according to the reader requirements, we invite professionals to talk about the constituent stocks of the adjustment method.
1, first under the index methodology, leaving after excluding all of the following stocks Shanghai A shares
Time to market for less than a quarter, unless the stock market value of average daily circulation of the top 18; suspension of listed stocks; abnormal operating conditions or the latest financial reporting heavy losses the stock; stock price fluctuations, market performance has obviously been manipulated stocks; Other the Committee of Experts identified the stock should be removed. This adjustment, in line with the stock number of the total sample space of about 765.
2, integrated ranking
Based on total market capitalization, float market capitalization, turnover, and turnover on the stock a comprehensive ranking. The specific method is: based on past year's daily average of data from various targets were ranked first, and then ranking the sum of each index, income and the stock of the rankings as a comprehensive ranking.
In general, the 180 constituent stocks are ranked on the list for integrated easily from the constituent stocks of the stock was removed, and in the candidate sample of stocks in the stock easy for a comprehensive top-ranking elected a new constituent stocks. But this is not absolute, because the choice of the constituent stocks on the card 180 when the first thing to consider the distribution of the industry, depending on the proportion of the industry to conduct a sample flow of the market value of the quota shares.
3, the industry distribution of
SSE 180 Index and the Standard & Poor's use of Morgan Stanley issued jointly by the Global Industry Classification Standard (GICS) based on combining the physical characteristics of China's listed companies to adjust to a listed company is divided into 10 major sectors.
In selecting stocks, the first flow of the market value of various sectors in accordance with the proportion of the allocation of the sample is only a few. The specific method is: first i = i, a quota sample of the industry sectors of the market value of stocks in circulation on all candidates and all candidates ÷ Shanghai market, the market value of stocks in circulation, and × 180. Then the distribution of samples according to industry only a few in the industry, select the integrated top-ranking stocks. Finally, all sectors selected samples for further adjustments, so that a total of 180 constituent stocks. If the candidate transferred to an industry, there is no suitable sample can be selected into the stock index, the samples transferred from the candidate a comprehensive index of the highest-ranked stocks have not yet been transferred to an alternative.
