NSE, National Stock Exchange, the country's premier stock exchange, has launched three new indices - the CNX Alpha Index, the CNX High Beta Index and the CNX Low Volatility Index.
These are strategic indices, which are designed on the basis of quantitative models / investment strategies to provide a single value for the aggregate performance of a number of companies. The companies must rank within the top 300 companies by average free-float
market capitalization and aggregate turnover for the last six months.
CNX Alpha Index:
CNX Alpha index aims to measure the performance of securities listed on NSE with high Alphas, which are measured on the basis of their risk-adjusted value. Weights of securities in the index are assigned based on the alpha values. Security with highest alpha in the index gets highest weight.
CNX High Beta Index:
CNX High Beta Index aims to measure the performance of the stocks listed on NSE that h
ave High Beta. Beta can be referred to as a measure of the sensitivity of stock returns to market returns. This index can be used by those who are looking for high-risk-high-return category of stocks.
CNX Low Volatility Index:
CNX Low Volatility Index aims to measure the performance of the least volatile securities listed on NSE. This index can be used to create a portfolio of least-volatile securities which shall curb the downside during the bear phases.
All the above indices have 50 stocks each in their respective index and they will be calculated on an end-of-day basis and their closing value would be available the NSE.The EOD Data and stocks comprising of these indices are available in NSE .
Get Connected
Popular Posts
-
NSE Indices launched a new variant of the Nifty 50 index named Nifty 50 Net Total Return (NTR) index. The Nifty 50 Net Total Return index a...
-
Do Index Funds and Exchange Traded Funds pay dividends? Before we get into the details, you should know about Benchmark and Total Returns I...
-
In continuation of earlier article about the basics of Exchange Traded Funds (ETFs) and pros and cons of investing in ETFs , let us look...
-
200 Day Exponential Moving Average(EMA) , is an important indicator in technical analysis. The 200 Day EMA is a long term moving average tha...
-
The government plans to sell Rs 10,000 crore ($1.2 billion) of a 2073 bond on November 3, 2023, according to the Reserve Bank of India . Ins...