Intellidex


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Intellidex

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.
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New ETF Provides 300% Exposure to Dynamic Pharmaceutical Intellidex Index
31 percent on the New York Stock Exchange since the start of 2016, far outpacing the Dynamic Retail Intellidex, which fell by 9.
For example, the first equation in the system for the oil index (Dynamic Energy Exploration & Production Intellidex Index, see Table 1) represents the daily return for the index with the following 7 equations (2nd through 7th) representing returns for the remaining 7 oil indexes in the oil indexes group.
The Direxion Daily Pharmaceutical & Medical Bull (PILL) and Bear (PILS) 2X Shares seek to achieve 200% and 200% of the inverse, respectively, of the daily performance of the Dynamic Pharmaceutical Intellidex Index.
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