STOCKEXTM
Yes, STOCKEXTM – A new and Innovative wealth creation index for more than 4,000 stocks of BSE and NSE.
Wealth creation remains prevalent to those Top 5% of the population globally who understand the investment market thoroughly. According to Global Wealth Report by Credit Suisse, December 2012, India has around 1,550 ultra HNI with at least $50 million each, and 700 with at least 100 million each.
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Source – Credit Suisse Global Wealth Databook 2012
STOCKEXTM on the other hand represents each stock’s respective ability to create wealth in reference to NIFTY as a benchmark. It is assigned to more than 4,000 stocks individually on a daily basis.
For example, as on 01 Feb 2013,
STOCKEXTM for Marico Ltd = 14.03, ING Vysya Bank = 1.66 where as STOCKEXTM for NIFTY = 1.00
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Please note that STOCKEXTM is a live index of wealth creation measured daily for over 4,000 stocks whereas STOCKEXTM for NIFTY is always rebalanced to 1.00 incorporating any up or down moves of the market. Therefore, it represents how each stock has fared as far as capital growth is concerned in comparison to globally known benchmark.
NOTE: If your purpose of investment is to create long term wealth, you only need to follow STOCKEXTM above and beyond Sensex or NIFTY.
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