Fundamentally Based Indexes Stocks List

Symbol Grade Name
PNQI PowerShares Nasdaq Internet Portfolio
VNQI Vanguard Global ex-U.S. Real Estate ETF
CSM ProShares Large Cap Core Plus
FBZ First Trust Brazil AlphaDEX Fund
FCA First Trust China AlphaDEX Fund
FDT First Trust Developed Markets ex-US AlphaDEX Fund
FEM First Trust Emerging Markets AlphaDEX Fund
FEMS First Trust Developed Markets Small Cap AlphaDex Fund
FEX First Trust Large Cap Core AlphaDEX
FIW First Trust ISE Water Index Fund
FJP First Trust Japan AlphaDEX Fund
FKO First Trust South Korea AlphaDEX Fund
FLN First Trust Latin America AlphaDEX Fund
FNDA Schwab Fundamental U.S. Small Company Index ETF
FNDX Schwab Fundamental U.S. Large Company Index ETF
FNK First Trust Mid Cap Value AlphaDEX Fund
FNX First Trust Mid Cap Core AlphaDEX
FNY First Trust Mid Cap Growth AlphaDEX
FTA First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index
FTC First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index)
FVL First Trust Value Line 100 Fund
FXD First Trust Cons. Discret. AlphaDEX
FXG First Trust Cons. Staples AlphaDEX
FXH First Trust Health Care AlphaDEX
FXL First Trust Technology AlphaDEX
FXN First Trust Energy AlphaDEX Fund
FXO First Trust Financials AlphaDEX
FXR First Trust Industrials AlphaDEX
FXU First Trust Utilities AlphaDEX Fund
FXZ First Trust Materials AlphaDEX Fund
FYC First Trust Small Cap Growth AlphaDEX Fund
FYT First Trust Small Cap Value AlphaDEX Fund
FYX First Trust Small Cap Core AlphaDEX
IDHQ PowerShares S&P International Developed High Quality Portfolio
MGC Vanguard Mega Cap ETF
MGV Vanguard Mega Cap Value ETF
PBS PowerShares Dynamic Media
PDN PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio
PFI PowerShares Dynamic Financial
PRF Powershares FTSE RAFI US 1000 Portfolio
PSJ PowerShares Dynamic Software
PTF PowerShares Dynamic Technology
PTH PowerShares Dynamic Heathcare
PUI PowerShares Dynamic Utilities
PWB PowerShares Dynamic LargeCap Growth
PWC PowerShares XTF: Dynamic Market Portfolio
PWV PowerShares Dynamic LargeCap Value
PXH PowerShares FTSE RAFI Emerging Markets Portfolio
PXI PowerShares Dynamic Energy
SPGP Invesco S&P 500 GARP ETF
SPVM Invesco S&P 500 Value with Momentum ETF
XMVM Invesco S&P MidCap Value with Momentum ETF
PXQ PowerShares Dynamic Networking
XSMO Invesco S&P SmallCap Momentum ETF
XSVM Invesco S&P SmallCap Value with Momentum ETF
PYZ PowerShares Dynamic Basic Materials
ROOF IQ US Real Estate Small Cap ETF
SH ProShares Short S&P500
SPHB PowerShares S&P 500 High Beta Portfolio
SPHQ PowerShares S&P 500 High Quality Portfolio
VEU Vanguard FTSE All World Ex US ETF
VIOO Vanguard S&P Small-Cap 600 ETF
VV Vanguard Large-Cap ETF - DNQ
CFO Compass EMP US 500 Enhanced Volatility Weighted Index ETF
CSF Compass EMP U.S. Discovery 500 Enhanced Volatility Weighted Fund
CHAU Direxion Daily CSI 300 China A Share Bull 2X Shares
SPVU PowerShares S&P 500 Value Portfolio
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
RBIN Nationwide Risk-Based International Equity ETF
PEXL Pacer US Export Leaders ETF
ESGV Vanguard ESG U.S. Stock ETF
DYNF BlackRock U.S. Equity Factor Rotation ETF
KNAB MicroSectors U.S. Big Banks Index Inverse ETNs

Recent Signals

Date Stock Signal Type
2019-09-20 CEZ Narrow Range Bar Range Contraction
2019-09-20 CHAU Fell Below 20 DMA Bearish
2019-09-20 CHAU MACD Bearish Signal Line Cross Bearish
2019-09-20 CSM Bearish Engulfing Bearish
2019-09-20 DYNF Three Weeks Tight Range Contraction
2019-09-20 DYNF Stochastic Sell Signal Bearish
2019-09-20 ESGV Cup with Handle Other
2019-09-20 ESGV Three Weeks Tight Range Contraction
2019-09-20 FCA Fell Below 50 DMA Bearish
2019-09-20 FEM 200 DMA Support Bullish
2019-09-20 FEX Cup with Handle Other
2019-09-20 FJP Slingshot Bullish Bullish Swing Setup
2019-09-20 FKO Crossed Above 50 DMA Bullish
2019-09-20 FKO NR7 Range Contraction
2019-09-20 FKO Narrow Range Bar Range Contraction
2019-09-20 FKO Pocket Pivot Bullish Swing Setup
2019-09-20 FLN Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 FLN 180 Bullish Setup Bullish Swing Setup
2019-09-20 FLN Cup with Handle Other
2019-09-20 FLN Narrow Range Bar Range Contraction
2019-09-20 FLN NR7 Range Contraction
2019-09-20 FLN 50 DMA Support Bullish
2019-09-20 FNK Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 FNX Cup with Handle Other
2019-09-20 FNY Bollinger Band Squeeze Range Contraction
2019-09-20 FNY 20 DMA Support Bullish
2019-09-20 FNY Fell Below 50 DMA Bearish
2019-09-20 FTC Fell Below 50 DMA Bearish
2019-09-20 FTC 20 DMA Support Bullish
2019-09-20 FTC Cup with Handle Other
2019-09-20 FXD Cup with Handle Other
2019-09-20 FXD Fell Below 50 DMA Bearish
2019-09-20 FXG MACD Bearish Signal Line Cross Bearish
2019-09-20 FXG Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 FXH Bollinger Band Squeeze Range Contraction
2019-09-20 FXH Cup with Handle Other
2019-09-20 FXH 50 DMA Resistance Bearish
2019-09-20 FXL Fell Below 20 DMA Bearish
2019-09-20 FXL Bollinger Band Squeeze Range Contraction
2019-09-20 FXN Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 FXN Calm After Storm Range Contraction
2019-09-20 FXN Narrow Range Bar Range Contraction
2019-09-20 FXN Spinning Top Other
2019-09-20 FXR Cup with Handle Other
2019-09-20 FXU New 52 Week Closing High Bullish
2019-09-20 FXU New 52 Week High Strength
2019-09-20 FXU NR7 Range Contraction
2019-09-20 FXU NR7-2 Range Contraction
2019-09-20 FXZ Cup with Handle Other
2019-09-20 FXZ Doji - Bullish? Reversal
2019-09-20 FXZ Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 FYC Hammer Candlestick Bullish
2019-09-20 FYC 50 DMA Resistance Bearish
2019-09-20 FYT Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 FYT Cup with Handle Other
2019-09-20 FYT Spinning Top Other
2019-09-20 GSEW Slingshot Bullish Bullish Swing Setup
2019-09-20 IDHQ Cup with Handle Other
2019-09-20 IDHQ Stochastic Sell Signal Bearish
2019-09-20 IDHQ Three Weeks Tight Range Contraction
2019-09-20 MGC Stochastic Sell Signal Bearish
2019-09-20 MGC Slingshot Bullish Bullish Swing Setup
2019-09-20 MGC Three Weeks Tight Range Contraction
2019-09-20 PDN Narrow Range Bar Range Contraction
2019-09-20 PEXL Narrow Range Bar Range Contraction
2019-09-20 PEXL Slingshot Bullish Bullish Swing Setup
2019-09-20 PEXL Stochastic Reached Overbought Strength
2019-09-20 PFI Fell Below 20 DMA Bearish
2019-09-20 PFI Cup with Handle Other
2019-09-20 PNQI Expansion Pivot Sell Setup Bearish Swing Setup
2019-09-20 PNQI Fell Below 50 DMA Bearish
2019-09-20 PNQI 20 DMA Support Bullish
2019-09-20 PSJ 20 DMA Resistance Bearish
2019-09-20 PSJ Bearish Engulfing Bearish
2019-09-20 PTH Narrow Range Bar Range Contraction
2019-09-20 PTH Non-ADX 1,2,3,4 Bearish Bearish Swing Setup
2019-09-20 PUI Narrow Range Bar Range Contraction
2019-09-20 PUI NR7 Range Contraction
2019-09-20 PUI New 52 Week Closing High Bullish
2019-09-20 PUI Stochastic Reached Overbought Strength
2019-09-20 PUI 180 Bullish Setup Bullish Swing Setup
2019-09-20 PWB Cup with Handle Other
2019-09-20 PWB 50 DMA Resistance Bearish
2019-09-20 PWB Fell Below 20 DMA Bearish
2019-09-20 PWB Bearish Engulfing Bearish
2019-09-20 PWC Narrow Range Bar Range Contraction
2019-09-20 PWC Stochastic Sell Signal Bearish
2019-09-20 PWC 50 DMA Resistance Bearish
2019-09-20 PXH Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 PXI Narrow Range Bar Range Contraction
2019-09-20 PXI Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 PXI Calm After Storm Range Contraction
2019-09-20 PYZ Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 RBIN Narrow Range Bar Range Contraction
2019-09-20 ROOF Pocket Pivot Bullish Swing Setup
2019-09-20 ROOF Shooting Star Candlestick Bearish
2019-09-20 SH Slingshot Bearish Bearish Swing Setup
2019-09-20 SH Stochastic Buy Signal Bullish
2019-09-20 SPHQ Cup with Handle Other
2019-09-20 SPHQ Three Weeks Tight Range Contraction
2019-09-20 VV Three Weeks Tight Range Contraction
2019-09-20 VV Cup with Handle Other
2019-09-20 XMVM Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 XSMO Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-09-20 XSMO Bollinger Band Squeeze Range Contraction
2019-09-20 XSMO Volume Surge Other
2019-09-20 XSMO 50 DMA Support Bullish
2019-09-20 XSVM Non-ADX 1,2,3,4 Bullish Bullish Swing Setup

Fundamentally based indexes are indices in which stocks are weighted by one of many economic fundamental factors, especially accounting figures which are commonly used when performing corporate valuation, or by a composite of several fundamental factors. A potential benefit with composite fundamental indices is that they might average out specific sector biases which may be the case when only using one fundamental factor. A key belief behind the fundamental index methodology is that underlying corporate accounting/valuation figures are more accurate estimators of a company's intrinsic value, rather than the listed market value of the company, i.e. that one should buy and sell companies in line with their accounting figures rather than according to their current market prices. In this sense fundamental indexing is linked to so-called fundamental analysis.
The fundamental factors commonly used by fundamental index managers are sales, earnings, book value, cash flow and dividends. Even the number of employees have been used in empirical studies on fundamental indexation. Fundamental indices are often contrasted to capitalization-weighted indices. Fundamentally based indices were arguably pioneered by Research Affiliates (RA), which first circulated research on the methodology in mid-2004. However, the method is in practice very similar to the so-called Core Equity Strategy-method launched by Dimensional Fund Advisors (DFA) during the same year. They are similar since DFA evaluates weight of small cap stocks and value stocks in a direct way whereas RA evaluates weight of small cap stocks and value stocks in a more indirect way. Furthermore, fundamental indexation is also seen by some people as merely a practical application and repackaging of the findings of one of the most famous journal articles in modern financial economics: "The Cross-Section of Expected Stock Returns" by Fama & French (1992). This is because the key characteristic of fundamental indices is that they have a combined relative small cap and value stock tilt vs. a capitalization-weighted index, which is for example explicitly shown in a Swedish context by Olof Andersson (2009) in his Thesis "Irrational Indexation". Fundamental indices ride on the small cap and the value stock premiums which have been present in international stock markets during the last 30–40 years so it is not strange that they might beat the market. Thus, a fundamental index does not actually buy companies in line with only their accounting figures, but rather companies with high accounting figures which at the same time exhibit low market values. A fundamental index is thus not really value indifferent indexing contrary to claims of its inventors. The current challenge of fundamental index managers is to conclusively prove that their index funds provide more value than merely riding on the small cap and the value stock premium, if possible, in order to legitimate the fees charged by these managers. There is some evidence, statistical significance, that fundamental indices create more value but there is yet any evidence known of economic significance.

More about Fundamentally Based Indexes