![]() ![]() ![]() A stock whose price has not changed in the period will have a small Weighted Alpha and a stock whose price has dropped over the period will have a negative Weighted Alpha. Thus the weighted alpha is a measure of one year growth with an emphasis on the most recent price activity.Ī stock whose price has risen over the one-year period will have a positive Weighted Alpha. The original research was restricted to large cap stocks, so the corresponding rise in the S&P 500 index was subtracted however, as there are a number of interesting stocks that do not fit well into any category, and others that fit into more than one category, the results are presented without subtracting any index.ī takes this Alpha (measure of how much a stock has changed in the one-year period) and weights this, assigning more weight to recent activity, and less (0.5 factor) to activity at the beginning of the period. Weighted Alpha is a measure of how much a stock has risen or fallen over a one-year period. This is done to prevent a single stock from having too great an effect on the ranking of the list. Only those sectors that contain 10 or more stocks will be included on the Industry SIC Groups page. Click on the 2-digit code to see all of the four-digit SIC codes, where you can then drill-down to the stocks within each four-digit sector. The Industry SIC Codes page ranks two-digit SIC codes (the first two letter of the four-digit code) by Weighted Alpha. A SIC Code is a standardized method of classifying a company's type of business (they appear in a company's EDGAR filings). Industry SIC CodesĪnother method of sectoring stocks is using Standard Industrial Classification (SIC) Codes. In addition, ETF sector groups only contain ETFs whose leverage is single-long and will exclude ETFs who are short, double-long or triple-long. Use the checkbox at the top of the page to include all sectors, including those with less than 10 stocks. Clicking on a group will open a page showing you all the stocks in that sector.īy default, only those sectors that contain 10 or more stocks will be included on the Industry Groups page. You'll see the number of stocks contained in the Industry Group. The Industry Groups page lists Industries sorted by Weighted Alpha. An industry group helps you classify stocks in the same type of business for comparison purposes. ![]() Industry Groupsīarchart classifies stocks into Industry groups, which are similar to the S&P Sectors but do not limit stocks to just those found in the major market Indices-including the Dow Jones Complex, Nasdaq 100 and S&P Indexes. An industry must have at least 2 stocks to be considered on the Industry Groups page. Barchart maintains approximately two years of sector history for charting purposes. The number of stocks contained within each sector is represented as volume on the charts. The Industry Rankings page allows you to screen for stocks by grouping, which can help classify stocks in the same type of business for comparison purposes.īarchart provides rankings by Industry Groups and SIC Codes, each ranked by weighted alpha (recalculated every 10 minutes.) You can view a chart of the weighted alpha for each sector by clicking on the Flipcharts button. ![]()
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