Indices traded on the
AMEX weighted by certain criteria in an attempt to create
excess returns. The
stocks included in an intellidex are chosen using a system called the Intelligent Index Methodology that is designed to narrow a broad range of
stocks that meet specified criteria down to those deemed most likely to create
excess returns. There are extensive criteria options, but some of the more commonly used ones follow stocks that match a certain
investment strategy,
industry focus, or
risk level.