"What are the rules that decide how many are included or excluded during each rebalance?"
I wrote the following about another stock and the ASX 100, but S&P probably adopt a similar approach with the ASX50.
I am not sure that it is possible to reverse engineer S&P's process in order to predict which stocks will be included and evicted. I expect some folk give it their best shot. Here is a link to S&P's methodology.
https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-asx-australian-indices.pdf
Inter alia, in order to limit turnover of the stocks in the indices, S&P have separate hurdles for both admission and eviction.
For the ASX 100, the stock has to achieve an adjusted capitalisation ranking of 84 or lower for admission and 116 or higher for eviction.
The adjusted capitalisation ranking depends on the free float of notionally tradable shares as measured by S&P's Investable Weight Factor (IWF).
S&P deems the shares held by directors to be in the category of shares that they consider to be non-tradable.
Thus, the relatively high proportion of shares still held by PME's founders handicaps PME's IWF and hence its capitalisation ranking.
Nonetheless, its pleasing to see that PME is knocking on the door to the ASX100.
Cheers
- Forums
- ASX - By Stock
- NST
- Ann: S&P DJI Announces June 2021 Quarterly Rebalance
Ann: S&P DJI Announces June 2021 Quarterly Rebalance, page-9
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NST (ASX) to my watchlist
(20min delay)
|
|||||
Last
$15.07 |
Change
-0.150(0.99%) |
Mkt cap ! $17.31B |
Open | High | Low | Value | Volume |
$15.21 | $15.31 | $15.00 | $55.08M | 3.647M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7111 | $15.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.07 | 19451 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5615 | 15.060 |
1 | 160 | 15.050 |
1 | 3743 | 15.040 |
1 | 3744 | 15.020 |
14 | 14828 | 15.000 |
Price($) | Vol. | No. |
---|---|---|
15.070 | 14451 | 2 |
15.080 | 14907 | 2 |
15.090 | 29073 | 2 |
15.100 | 30848 | 4 |
15.110 | 29056 | 2 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
Featured News
NST (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online