NQDXUSSC Nasdaq AlphaDEX Small Cap Core Index
The Index selects stocks from the NASDAQ US 700 Small Cap Index that meet certain criteria. The index ranks the eligible stocks from the NASDAQ US 700 Small Cap 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. Each stock receives either its growth or value score as its selection score based on its style designation as determined by Nasdaq. The top 525 stocks based on the selection score determined in the previous step comprise the “selected stocks”. The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile.
2,175.02
As of 05/27/2021
Index Information
Provider: NASDAQ OMX
Category1: US Equity
Category2: Broad market
Category3: Small cap
Country: USA
Currency: USD
Inception date: 01/11/2016
Backtesting data exists: Yes
Weighting methodology: Composite scores
Number of holdings: 525
Rebalanced: Quarterly
Reconstituted: Quarterly
Total return version: NQDXUSSCT
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