According to financial theories, Alpha can be regarded as excess return from individual stocks. Therefore, high-alpha stocks tend to capture the upward momentum and are excellent investment targets for investors who prefer technical analysis. TIP is going to launch the TIP TAIEX+ Small/Mid-Cap Alpha Momentum 50 Index (SAM50) on March 13th, 2017. The screening method of index constituents emphasizes stocks that have high upward momentum and similar price trend with the market.
|Universe||Listed companies of Taiwan Stock Exchange|
|Weighting Method||Free float adjusted Market Capitalization|
|Calculation Frequency||Every 5 sec|
|Number of Constituents||50|
|Annualized Standard Deviation|
The index performance is calculated through its total return index values; the price index values will be used in calculation only when there is no total return index.