| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
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
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 4,308
|
I'll report this to the data department. Thanks.
- Doug
Teaching Online!
|
|
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.
|
|
 Gold Customer
Joined: 3/10/2005
Posts: 12
|
Are the TC2000 industry averages cap weighted?
|
|
Worden Trainer
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
Personal Criteria Formulas
TC2000 Support Articles
|
|
|
Guest-1 |