Resetting The M-Index

As is the case at the beginning of each year, the Momentum Index shown in my weekly StatSheet is being reset.

Since it consists of an average of the 4wk, 8wk, 12wk and YTD momentum numbers, the YTD figure is obviously lower at the beginning of each year contributing to a reduced overall M-Index number.

Keep in mind that the ranking number by itself is meaningless; it only has value when compared to other funds/ETFs. This change will be effective with the next StatSheet dated 1/7/10, which will be mailed in this Friday’s weekly update.

About Ulli Niemann

Ulli Niemann is the publisher of "The ETF Bully" and is a Registered Investment Advisor. Learn more
This entry was posted in Uncategorized. Bookmark the permalink.