- Data from 1st Feb to 31st July decides which companies are are to included/excluded in September.
-Data from 1st Aug to 31st Jan decides which companies are are to included/excluded in March.
In this thread I'll explain how Nifty50 is reconstituted i.e how companies are included and excluded from the index.
Let's go 👇🧵
- Data from 1st Feb to 31st July decides which companies are are to included/excluded in September.
-Data from 1st Aug to 31st Jan decides which companies are are to included/excluded in March.
1) Impact cost :- It is the cost of buying and selling a stock with a wide spread between bid and ask price. High impact cost simply means that the stock is illiquid.
Note :- One inclusion means one corresponding exclusion
Also, I have computed the average Free-float mcap (1/2/22 to 16/5/22) of all the companies in Nifty50.
Threshold (average free-float mcap) as on 16/05/2022 came out to be Rs.48,138cr
1) No significant change in shareholding pattern from 1/4/2022 to 16/5/2022
2) Average Impact cost of all the companies in Table 2 is well below 0.50%
- Notwithstanding the dynamic nature of this data, it can still be used by traders and index investors alike to spot trends.
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"I really want to break into Product Management"
make products.
"If only someone would tell me how I can get a startup to notice me."
Make Products.
"I guess it's impossible and I'll never break into the industry."
MAKE PRODUCTS.
Courtesy of @edbrisson's wonderful thread on breaking into comics – https://t.co/TgNblNSCBj – here is why the same applies to Product Management, too.
There is no better way of learning the craft of product, or proving your potential to employers, than just doing it.
You do not need anybody's permission. We don't have diplomas, nor doctorates. We can barely agree on a single standard of what a Product Manager is supposed to do.
But – there is at least one blindingly obvious industry consensus – a Product Manager makes Products.
And they don't need to be kept at the exact right temperature, given endless resource, or carefully protected in order to do this.
They find their own way.
make products.
"If only someone would tell me how I can get a startup to notice me."
Make Products.
"I guess it's impossible and I'll never break into the industry."
MAKE PRODUCTS.
Courtesy of @edbrisson's wonderful thread on breaking into comics – https://t.co/TgNblNSCBj – here is why the same applies to Product Management, too.
"I really want to break into comics"
— Ed Brisson (@edbrisson) December 4, 2018
make comics.
"If only someone would tell me how I can get an editor to notice me."
Make Comics.
"I guess it's impossible and I'll never break into the industry."
MAKE COMICS.
There is no better way of learning the craft of product, or proving your potential to employers, than just doing it.
You do not need anybody's permission. We don't have diplomas, nor doctorates. We can barely agree on a single standard of what a Product Manager is supposed to do.
But – there is at least one blindingly obvious industry consensus – a Product Manager makes Products.
And they don't need to be kept at the exact right temperature, given endless resource, or carefully protected in order to do this.
They find their own way.
