Security & Portfolio
CHAPTER 7
SECURITY-MARKET INDICATOR SERIES
Uses of Security Market Indexes
Benchmark to Judge Performance of Individual Portfolios Develop an Index Portfolio Examine Factors That Influence the Stock Market Technical Analysis of the Market Derivation of Systematic Risk for Securities
Differentiating Factors in Constructing Market Indexes
The Sample: Size, Breadth, and Source
Weighting of Sample Members: price-weighted, value-weighted, unweighted
Computational Procedures
Stock-Market Indicator Series
Price Weighted Series Dow Jones Industrial Average (30 stock average) Nikkei-Dow Jones Average (Nikkei Stock Average Index)
Value Weighted Series Standard and Poor's Indexes New York Stock Exchange Index NASDAQ Series American Stock Exchange Market Value Index Wilshire 5000 Equity Index Russell Indexes Financial Times Actuaries Indexes Tokyo Stock Exchange Price Index FT-Actuaries World Indexes Morgan Stanley Capital International Indexes Dow Jones World Stock Index Euromoney-First Boston Global Stock Index Salomon-Russell World Equity Index
Unweighted Price Indicator Series Value Line Averages Financial Times Ordinary Share Index
Style Indexes
Global Equity Indexes FT/S&P - Actuaries World Indexes Morgan Stanley Capital International (MSCI) Indexes Dow Jones World Stock Index Comparison of World Stock Indexes
Bond-Market Indicator Series
Investment-Grade Bond Indexes Lehman Brothers Merrill Lynch Ryan Treasury Salomon Brothers
High-Yield Bond Indexes U.S. High-Yield Bond Indexes Merrill Lynch Convertible Securities Indexes
Global Government Bond Market Indexes
Composite Stock-Bond Indexes
Merrill Lynch-Wilshire U.S. Capital Markets Index (ML-WCMI) Brinson Partners Global Security Market Index (GSMI)
Comparison of Indexes Over Time
SECURITY-MARKET INDICATOR SERIES
Uses of Security Market Indexes
Benchmark to Judge Performance of Individual Portfolios Develop an Index Portfolio Examine Factors That Influence the Stock Market Technical Analysis of the Market Derivation of Systematic Risk for Securities
Differentiating Factors in Constructing Market Indexes
The Sample: Size, Breadth, and Source
Weighting of Sample Members: price-weighted, value-weighted, unweighted
Computational Procedures
Stock-Market Indicator Series
Price Weighted Series Dow Jones Industrial Average (30 stock average) Nikkei-Dow Jones Average (Nikkei Stock Average Index)
Value Weighted Series Standard and Poor's Indexes New York Stock Exchange Index NASDAQ Series American Stock Exchange Market Value Index Wilshire 5000 Equity Index Russell Indexes Financial Times Actuaries Indexes Tokyo Stock Exchange Price Index FT-Actuaries World Indexes Morgan Stanley Capital International Indexes Dow Jones World Stock Index Euromoney-First Boston Global Stock Index Salomon-Russell World Equity Index
Unweighted Price Indicator Series Value Line Averages Financial Times Ordinary Share Index
Style Indexes
Global Equity Indexes FT/S&P - Actuaries World Indexes Morgan Stanley Capital International (MSCI) Indexes Dow Jones World Stock Index Comparison of World Stock Indexes
Bond-Market Indicator Series
Investment-Grade Bond Indexes Lehman Brothers Merrill Lynch Ryan Treasury Salomon Brothers
High-Yield Bond Indexes U.S. High-Yield Bond Indexes Merrill Lynch Convertible Securities Indexes
Global Government Bond Market Indexes
Composite Stock-Bond Indexes
Merrill Lynch-Wilshire U.S. Capital Markets Index (ML-WCMI) Brinson Partners Global Security Market Index (GSMI)
Comparison of Indexes Over Time