NQDXJP NASDAQ AlphaDEX Japan Index
The Index selects stocks from the NASDAQ Japan Index that meet certain criteria. NASDAQ constructs the index by ranking the eligible stocks from the NASDAQ Japan Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style. The top 100 best scoring stocks are included in the index. The “selected stocks”, as determined in step 3, are then split into quintiles based on their selection score. The top ranked quintile receives 5/15 (33%) of the portfolio weight with successive quintiles receiving 4/15 (26.7%), 3/15 (20.0%), 2/15 (13.3%) and 1/15 (6.7%), respectively. Stocks are equally weighted within each quintile.
1,367.68
As of 05/27/2021
Index Information
Provider: NASDAQ OMX
Category1: Global Equity
Category2: Single country
Category3: Multi-cap
Country: Japan
Currency: USD
Inception date: 12/15/2014
Backtesting data exists: Yes
Weighting methodology: Composite scores
Number of holdings: 100
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