Thursday, August 01, 2019 9:53:26 AM
LOS ANGELES, CA / ACCESSWIRE / August 1, 2019 / LD Micro is pleased to announce that the LD Micro Index is being reconstituted (again) as of August 1, 2019.
LD Micro has always held the belief that our industry needs a truly accurate indicator of what is occurring in the micro-cap world.
With this reconstitution the index will contain 984 companies, a surprisingly similar number to what we had back in February. Nearly as many companies have “graduated” out of the index as those that have “graduated” in.
Performance since the close of January 31st, 2019:
Nasdaq: +12% (Very nice)
S&P500: +10.2% (Solid)
Dow Jones: +7.5% (Respectable)
Russell 2000: +5% (Better than CDs)
LD Micro Index: -2.8% (The night is still young)
A breakdown by exchange, sector, and complete constituent list is available at our website: http://www.ldmicro.com/the-index.
Chris Lahiji, President of LD Micro, stated "As we turn four, more people in our industry are using the Index as an additional indicator for what is taking place on a daily, weekly, and monthly basis. Our goal has always been to add much needed insight to the space, and based on the dichotomy between micro, small, and large-cap, we feel our index provides the most accurate picture of micro-cap as a whole. As evidenced, micro-cap performance thus far in 2019 has been incredibly disconcerting.”
Companies being added to the index as of August 1st, 2019 are: https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/ld-micro-index-turns-four-130500125.html
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