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Industry Groups and Sector Relationships Rate this Topic:
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maxirich
Posted : Tuesday, June 14, 2005 9:49:15 AM
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Joined: 1/11/2005
Posts: 10
Trying to get a handle on the differences and/or relationships between industry group rankings and sectors. IBD has 197 industry groups, Barons has 100 and TC2000 has 30 major industries & 209 sub industry listings. IGT (International Gaming)is listed in TC2000 as a component of diversified electronics, in the same group as JDS Uniphase. Yet IGT is carried by others in the Gaming group. Although I have cited one example I am sure there are other stocks that match this. Appreciate any help. THANKS
Doug_H
Posted : Tuesday, June 14, 2005 9:51:13 AM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
I'll report this to the data department. Thanks.

- Doug
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BigBlock
Posted : Tuesday, June 14, 2005 10:52:16 AM
Registered User
Joined: 10/7/2004
Posts: 2,126
I agree. I think that tc2005 will benefit greatly from getting rid of the subindustries and just having a fix number of Industry groups, just like IBD, Baron, etc. I have come across some stocks too that were placed in an industry or subindustry were they didn't belong.
In fact I rather pay IBD to keep track of the industry groups, much easier there.
Simplicity is key to success.
brnxbomber
Posted : Tuesday, June 21, 2005 7:12:39 PM
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Joined: 3/10/2005
Posts: 12
Are the TC2000 industry averages cap weighted?
Bruce_L
Posted : Tuesday, June 21, 2005 7:22:14 PM


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Joined: 10/7/2004
Posts: 65,138
The exact details are proprietary, but our Industry Average charts (the MGs) are essentially averages of the components of the group as presented in the corresponding WatchList. The values are weighted based on the square-root of the capitalization of the stocks that make up that group. This allows for weighting, which is a common practice, but tends to minimize the overwhelming effect that a few large companies in the group might have on the industry average itself, if the industry also includes a number of smaller companies.

-Bruce
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