|
PureBytes Links
Trading Reference Links
|
Yes it does affect the indices. After I include a stock in a index, a name or and symbol changes causes me to delete that stock from its index. If an index contains a large in number of stocks the effect on the index of dropping one stock is minimally. But when the index only includes three or four issues the effect, in my opinion, is much more profound. An example would be "Autos Domestic" which does not contain many issues.
I have corrected for stock splits and this does not seem to cause any difficulties. Also the program has the ability to edit number of shares outstanding and the number of shares owned. these two parameters are necessary for the proper indexing. They allow different types of indexing.
-----Original Message-----
From: billblue [SMTP:billblue@xxxxxxxxxxx]
Sent: Saturday, June 21, 1997 6:35 PM
To: John Sellers
Subject: Re: IRL Question
John,
With on average 20 stocks changing symbols per week doesn't that
affect the indices produced by IRL?
Thanks Bill
John Sellers wrote:
>
> Yes IRL interfaces with Metastock (MS). The following details my approach in setup.
> First define a new folder (suggested). After that you use the IRL CD to export files from their CD to
> that file. If there were files already in the folder with that name I believe they are overwritten. You
> may copy their data up to 5 years. I copied a small amount of data for the duplicate files that I had
> already in one of my original Metastock file folder. I selected portfolio index and then used the
> function to index. I then copied my original metastock files over to this new folder i.e. wrote them
> on top of these initial files. I then renamed the folder to that which I had been using. This is the
> general procedure that I used to create the interface to present MS file folders. The folders may
> contain up to 255 stocks and after indexing the index will be contained also in the same folder.
> Actually my file folders were moved in location but retained their names that I was accustomed
> to. Any new files to be added to the index should be brought in a similar manner. After making
> a few folders in this manner I checked a box under Metastock Services for collecting indices in
> addition to a separate folder just for indices.
>
> Basically I am using this as a satellite program to the MS program to get indices on groups of stocks which were in the structure of the MS program and data. I found the setup awkward but later changes probably will be smaller in scope and faster due a learning curve.
>
>
> some loss in economy due to this duplication of data (theirs is bulk data and not current).
>
> On the positive side I like having the indices and feel that for a top down analysis of the markets something of this nature enhances ones analysis.
>
> -----Original Message-----
> From: John Bourak [SMTP:bourakj@xxxxxxxxxxxxx]
> Sent: Friday, June 20, 1997 3:30 PM
> To: ay286@xxxxxxxx
> Subject: IRL Question
>
> Hi John,
>
> Thanks for the message you posted on the metastock user group
> indicating the lack of changing symbols and company names. I have a
> couple of questions of my own that I sent to equis but have not had a
> reply yet, and I thought you might be able to help me before I decide
> to purchase IRL or not.
>
> Could you please let me know does IRL interface with the
> downloader, or is it a separate entity? ie. How do you update the
> stocks within the groups?
> Can you copy stocks from the metastock CD (which has Canadian and
> stock data) into your own groups in IRL? Since you mentioned that you
> can not even change the symbols I have my doubts about being able to
> load companies from the CD onto the disk, and even if I could I might
> still be out of luck since I need to change the exchange indicators
> on the symbols in order to download data from Dial Data which has a
> different format than the IRL Reuters data.
>
> Thanks in advance and happy investing.
>
> John Bourak
|