You will be glad to know that STIXi is now all of 3 weeks old. And it is living upto its promise - by being a growth index, in performing better than NIFTY / SENSEX or highly inclusive index such as CNX500 during an upmove in the broader market. This chart shows the relative performance of STIXi v/s NIFTY v/s CNX500 during the period 01-APR-2008 to 17-APR-2008.
Let us see how STIXi holds up during a down move in the market and whether it lives upto the other objective of indicating in advance a broader market decline.
Let me know what you think...
Cheers
No comments:
Post a Comment