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Index
One number that tracks a basket of shares, so you can see how a whole market or sector is doing.
An index follows a set of shares chosen by rules, each weighted by size or equally. The JSE Top 40 tracks the 40 largest companies on the JSE; the Artive Commerce Indexes track commerce shares.
Indexes are measures, not investments. Some are tracked by funds you can buy; the Artive Commerce Indexes are not.
More terms
- Price to earnings (P/E)The share price divided by the profit per share: how many years of today’s profit you pay for.
- Dividend yieldThe dividends paid over the last year as a percentage of today’s share price.
- Ex-dividend dateThe first day a share trades without its next dividend.
- Payout ratioThe share of its profit a company pays out as dividends.
- Market value (market capitalisation)The share price times the number of shares: what the market says the whole company is worth.
- RebalancingResetting an index’s members and weights on a fixed timetable.
- Every term ↗
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