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Hi,
I am a newibe to MetaStock and was wondering if anyone could help me clear up some confusion with the Reuters Data.
I am trying to do some sector / industry analysis, but I am getting confused by the seemingly different results I am getting.
I basically want two things. Firstly to be able to get a chart of whatever grouped classification there is (ie sector chart, industry group chart) and secondly then to have a list of all stocks constituting that chart.
Am I totally crazy for wanting this? I can't seem to put it together anywhere on the web! I have a list of Reuters chart codes for each sector, industry etc from s&p.
http://www2.standardandp...BloombergReuters2008.xls
That seems to answer my first point, but then as to what actual stocks constitute each chart?
If anyone can shed some light it would be much appreciated!
Thanks,
Stuart
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Rank: Newbie
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If you just want S&P500 sector consitutents, you can use Select Sector SPDR ETFs. They are meant to replicate S&P500 except the technology sector ETF combines IT and Telco.
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Rank: Advanced Member
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Which data vendor do you use?
If you're using Premium Data, you can create a Custom Folder that contains just those stocks in the sectors/industry groups/industries/subindustries you describe in the spreadsheet. For example, you can create a folder that contains stocks in the S&P 500 Soft Drinks Subindustry - this folder will be automatically maintained for any new or changed stocks in that S&P 500 subindustry too.
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Rank: Newbie
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Ah, so it automatically populates the folder with the stocks? Sounds exactly like what I need.
So what do you mean by Premium Data?
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Rank: Advanced Member
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Rank: Advanced Member
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As you mentioned, you have the index symbols (The ones we use are based off the S&P 1500 GICS, which all start with .15).
The "Stocks Grouped By Sector" that is in the symbol database is also constructed based on this structure (as long as you have The DownLoader 9.1 or later and have updated the symbol database).
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Rank: Newbie
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Thanks, but "based on" seems to be the operative. For example searching for Apple Inc I would find it in the Reuters Data under:
Stocks grouped by Sector > Information Technology > Technology Hardware & Equipment
Yet on the Reuters website itself Apple has the classification under:
Technology > Computer Hardware
And again for the strict GIGS classification:
Information Technology > Computers & Peripherals > Computer Hardware
Not to be too long winded about this but when trying to compare sectors and groups it can get very confusing to know if your comparing apple with apples (pun intended!)
Anyway the Premium Data solution with custom folders seems to be what I'm after with a strict adherence to the GIGS classification. The only question is can Premium Data chart the sectors, industry groups and sub groups itself?
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Rank: Advanced Member
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The short answer is yes - Premium Data can chart the S&P 500 index family including sectors, industry groups, industry and sub-industry indexes). I've posted a small video here showing how to navigate around the S&P 500 indexes here within MetaStock: Metastock S&P 500 Index Premium Data Video
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Rank: Newbie
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Thanks for this you have been a real help!
I have a couple more question - but I'll PM you save clogging up the board!
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Rank: Newbie
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dawson865 wrote:Thanks, but "based on" seems to be the operative. For example searching for Apple Inc I would find it in the Reuters Data under:
Stocks grouped by Sector > Information Technology > Technology Hardware & Equipment
Yet on the Reuters website itself Apple has the classification under:
Technology > Computer Hardware Reuter's website uses the ICB classification. AFAIK none of the major US financial websites use GICS.
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Rank: Advanced Member
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dawson865 wrote:Thanks, but "based on" seems to be the operative. For example searching for Apple Inc I would find it in the Reuters Data under:
Stocks grouped by Sector > Information Technology > Technology Hardware & Equipment
Yet on the Reuters website itself Apple has the classification under:
Technology > Computer Hardware
And again for the strict GIGS classification:
Information Technology > Computers & Peripherals > Computer Hardware
Not to be too long winded about this but when trying to compare sectors and groups it can get very confusing to know if your comparing apple with apples (pun intended!)
Anyway the Premium Data solution with custom folders seems to be what I'm after with a strict adherence to the GIGS classification. The only question is can Premium Data chart the sectors, industry groups and sub groups itself? Sorry, when I said based on I did mean that the constituents were pulled directly from these indices. However, as you've noticed likely in the GICS XLS file you mentioned before, they have several different levels, i.e. Sector, Industry Group, Industry, Sub-Industry. We take the top three levels, Sector, Industry Group, and Industry, but not Sub-Industry.
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Rank: Newbie
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Where are the criteria for the classifications published, please? We expect same things to be grouped together for price prediction purposes - that is our objective. Eg similar set of customers, suppliers, business cycle.
Some stocks are mis-classified, leading to good opportunities (or dissapointments of course).
IS it possible to tinker with a given classification and have the updates respect this?
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Rank: Newbie
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Cape wrote:Where are the criteria for the classifications published, please? http://www.mscibarra.com/products/indices/gics/gics_structure.html
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