DWAMV Dorsey Wright Momentum Plus Value Index

The Index is designed to track the overall performance of the 50 most undervalued stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength. Securities are ranked on four value metrics: Price to Sales, Price to Book, Price to Earnings and Price to Free Cash Flow. Each metric is scored individually and a percentile rank. A combined value rank is calculated by averaging the percentile scores for the individual metrics. A security must have values for a minimum of 3 of the 4 metrics. Any security with fewer than 3 scores is excluded. The combined score is taken by averaging the metrics having percentile scores (either 3 or 4 scores). No penalty is given to securities having only 3 of the 4 metrics. The 50 securities with the highest combined value scores are selected for the Index. The securities are weighted by their final combined value score.

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As of 10/01/2022


Index Information
Provider:     NASDAQ OMX
Category1:  US Equity
Category2:  Broad market
Category3:  Large and mid cap
Currency:    USD
Inception date:  07/02/2018
Backtesting data exists:   No
Weighting methodology:   Value score
Number of holdings:  50
Rebalanced:  Quarterly
Reconstituted:  Quarterly

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