Replies to post #187533 on Zeev's Turnips Patch-No Politics (ZEEV)

[Bruce A Thompson]

Yup

Big caps and small caps did ok but mid caps got creamed.

BT

[ardent jd]

Steve,

These are capitalization weighted indices, so the bulk of the R3000 performance (something like 80-90%, from memory) comes from the R1000.

[Zeev Hed]

Sorry for not replying earlier, too busy with year end festivities. The Russel 3000 consists of the Russel 1000 (92%) and the russel 2000 (8%). The 1000 includes most of the companies with market cap above $1.2 B (and up to close to $300 B), the 2000 includes companies from about $100 MM cap to $1.2 B. Clearly, since 92% of the 3000 value is controlled by the 1000 index, you would expect that whatever the 2000 does, the 3000 index will follow the 1000. In edit, oops, I see this was already posted. By the way, trying to "reconstitute the change in the Rut 3000, I come up with even a smaller rise, just .017% rather than the .03%, that must be "statistical noise" (g).