The Barrel's Bottom Composite

The Barrel's Bottom NEX Composite index is created for this blog to track the overall progress of the NEX. The last trade of each NEX share is multiplied by the total number of free shares outstanding, and then they're totaled to give a market cap for the NEX as a whole. It's then divided by a number that makes the first tracked time period for the day it's unveiled equal to 100.00

So, the first value for the Barrel's Bottom NEX Composite will be that same 100.00. The divisor will be adjusted for splits, consolidations, changes in the number of tradeable shares outstanding, new listings or delistings. The goal is to keep the index stay the same, with same share prices, regardless of how the share compositions change.

I haven't bothered with calculations of the "theoretical high" or the "theoretical low" because they both break simultaneity. Any highs and lows quoted will be the result of interday measurements done at the same time.


NOTE: I am not affiliated with the TSX, nor is this blog. The Barrel's Bottom Composite index is not endorsed by the TSX.