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Securities Market Metrics

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Page 1: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Securities Market Metrics

Page 2: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Exchanges vs. Indices

Exchanges are where the transaction takes placeIndex is a measurement of performanceSometimes an Index measures performance of stocks on a specific ExchangeDon’t get confused about this…

Page 3: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Popular Exchanges

NYSEAmexNasdaqPhillyPacificLondonTokyoHong KongOther worldwide exchangesAfter-hours / Electronic exchanges

Page 4: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Indices

DJAS&PNYSEAMEXNASDAQWilshireRussell

Page 5: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Dow Jones

Industrial (Reliability? Some say yes, some say no….)TransportationUtilityComposite (three above)

Page 6: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Standard and Poor’s

Industrial (400)Transportation (20)Utility (40)Financial (40)Composite (500)Midcap (400)Smallcap (600)Composite 1500Comparison with Dow (Index vs. Average, Breadth, Accuracy…some argue Dow close enough)

Page 7: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Exchange-Related Indices

NYSE IndicesAmexNasdaq

Page 8: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Wilshire Indices

Attempt to reflect the total market value (captures approx. 99% of total market value)

A point is worth $1Billion

Wilshire reading of 10,000 = $10 Trillion in total value

Page 9: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Russell 2000

Measure of small stocks’ performance

Page 10: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Individual Stock Data

Wall Street JournalBarronsInvestor’s Business DailyMultiple On-line SourcesHi/Lo, Close, Last, Bid/Ask, P/E, Div, Yield, Volume, Shares Outstanding

Page 11: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Annual Shareholder Reports

Reports include key business fundamentals and financial dataOperating detailFinancial discussion

Page 12: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

SEC Filings

Financial StatementsOther documentsKey source of information for publicly traded corporationsEdgar Database

Page 13: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Analyst Reports

Upgrades / downgradesBuy / Strong Buy / HoldWhen does buy mean sell?Earnings Expectations (Meet/Beat/Die)

Page 14: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

Information On Individual Stocks

On-line sourcesValue-line-valueline \ education \howtoMorningstar—Stock selectorS&PBarron’sWSJ (Zack’s)Bloomberg

Page 15: Securities Market Metrics. Exchanges vs. Indices Exchanges are where the transaction takes place Index is a measurement of performance Sometimes an Index

How much is a stock worth?

When is a stock overvalued?When is the MARKET overvalued?Earnings multiples…Bulls vs. BearsWhen should you care?

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