Registered User
Joined: 11/28/2005
Posts: 7
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I have some questions regarding TC2000 industry classifications and indexes.
1) Worden uses the CORE DATA for industry classification. Does the core refering to the core business of the company? Are there any sources where details more information about this type of classification as opposed to other types of classification like MSCI, GICS, etc.
2) Does TC2000 compute the industry indexes based for the companies classified or uses the industry indexes available on AMEX, NASDAQ & NYSE?
3) If TC2000 does compute, how does TC2000 calculate the industry indexes? For instance, classify all stocks under the bank sector into one folder and aggregate and average all stocks' closing price. Are there any weights, for eg using market capitalization, involve in the computation?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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1) CORE DATA is the name of the company that provides the classifications.
2) The industry averages are calcualted based on the components you see in your system. If you go to the BANKING WatchList you will see the stocks that are used to calculate the BANKING industry average chart.
3) The price AND volume is averaged and weighted based on the sqaure-root of the company's capitalization.
Check out these videos:
Uncover the stocks driving the strongest industry groups
Using the Industry Menu to analyze stocks relative to their industries and sub-industries
Use Comparison and Relative Strength graphs to compare a stock to the rest of its industry group
Industries With Consistent Performance over Specific Time Periods
- Craig
Here to Help!
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Registered User
Joined: 8/11/2005
Posts: 26
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I was looking at MG742 - Toy and Hobbys stores which has a price of 419 but has only two stocks - BBW at 30.04 and MIK at 32.95. Should MG742's price be between 30.04 and 32.95?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The averages are weighted and comprise a changing list of components over time. We don't release the exact formulas we use to calculate them. They are roughly weighted based on the square root of the stock's capitalization.
- Craig
Here to Help!
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