Unweighted stock price index in Russia
The MICEX 10 Index (Russian: Индекс ММВБ10) is an unweighted price index that tracks the ten most liquid Russian stocks listed on Moscow Exchange. Composition of the index is assessed quarterly following the liquidity criterion.[1] Components are assigned equal weight.
Calculation
The index is the arithmetic average of the change of prices between a time and a base time 0, which is the end of the preceding quarter. The formula is:
where is the price of the component stock at time , is the price of the component stock at the end of previous quarter, and is the adjustment coefficient.[2]
Components
As of June 2017, the composition of the index was the following:[1]
References