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
2020-02-19 CEZ NR7 Range Contraction
2020-02-19 CEZ Narrow Range Bar Range Contraction
2020-02-19 CFO New 52 Week Closing High Bullish
2020-02-19 CFO New 52 Week High Strength
2020-02-19 CFO Narrow Range Bar Range Contraction
2020-02-19 CHAU Non-ADX 1,2,3,4 Bearish Bearish Swing Setup
2020-02-19 CHAU Narrow Range Bar Range Contraction
2020-02-19 CSF Crossed Above 20 DMA Bullish
2020-02-19 CSF Cup with Handle Other
2020-02-19 CSF Narrow Range Bar Range Contraction
2020-02-19 CSF NR7 Range Contraction
2020-02-19 CSM New 52 Week High Strength
2020-02-19 CSM Narrow Range Bar Range Contraction
2020-02-19 CSM New 52 Week Closing High Bullish
2020-02-19 DYNF Narrow Range Bar Range Contraction
2020-02-19 DYNF New 52 Week High Strength
2020-02-19 DYNF New 52 Week Closing High Bullish
2020-02-19 ESGV New 52 Week High Strength
2020-02-19 ESGV New 52 Week Closing High Bullish
2020-02-19 ESGV Pocket Pivot Bullish Swing Setup
2020-02-19 FCA Narrow Range Bar Range Contraction
2020-02-19 FCA MACD Bullish Centerline Cross Bullish
2020-02-19 FDT Crossed Above 20 DMA Bullish
2020-02-19 FDT Narrow Range Bar Range Contraction
2020-02-19 FEM NR7 Range Contraction
2020-02-19 FEM Crossed Above 20 DMA Bullish
2020-02-19 FEM NR7-2 Range Contraction
2020-02-19 FEM Narrow Range Bar Range Contraction
2020-02-19 FEM MACD Bullish Signal Line Cross Bullish
2020-02-19 FEMS Crossed Above 20 DMA Bullish
2020-02-19 FEMS MACD Bullish Signal Line Cross Bullish
2020-02-19 FEMS Non-ADX 1,2,3,4 Bearish Bearish Swing Setup
2020-02-19 FEX Narrow Range Bar Range Contraction
2020-02-19 FEX New 52 Week Closing High Bullish
2020-02-19 FEX New 52 Week High Strength
2020-02-19 FIW Narrow Range Bar Range Contraction
2020-02-19 FIW Pocket Pivot Bullish Swing Setup
2020-02-19 FIW New 52 Week Closing High Bullish
2020-02-19 FIW New 52 Week High Strength
2020-02-19 FIW NR7 Range Contraction
2020-02-19 FJP Lower Bollinger Band Walk Weakness
2020-02-19 FJP Narrow Range Bar Range Contraction
2020-02-19 FLN 50 DMA Resistance Bearish
2020-02-19 FNDA Stochastic Sell Signal Bearish
2020-02-19 FNDA Pocket Pivot Bullish Swing Setup
2020-02-19 FNDX Narrow Range Bar Range Contraction
2020-02-19 FNDX NR7 Range Contraction
2020-02-19 FNK Narrow Range Bar Range Contraction
2020-02-19 FNK Crossed Above 20 DMA Bullish
2020-02-19 FNX New 52 Week Closing High Bullish
2020-02-19 FNX New 52 Week High Strength
2020-02-19 FNY New Uptrend Bullish
2020-02-19 FNY New 52 Week High Strength
2020-02-19 FNY New 52 Week Closing High Bullish
2020-02-19 FNY Upper Bollinger Band Walk Strength
2020-02-19 FNY Pocket Pivot Bullish Swing Setup
2020-02-19 FTA Crossed Above 50 DMA Bullish
2020-02-19 FTA Pocket Pivot Bullish Swing Setup
2020-02-19 FTA Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2020-02-19 FTA Narrow Range Bar Range Contraction
2020-02-19 FTA NR7 Range Contraction
2020-02-19 FTC New 52 Week High Strength
2020-02-19 FTC New 52 Week Closing High Bullish
2020-02-19 FTC Upper Bollinger Band Walk Strength
2020-02-19 FTC Pocket Pivot Bullish Swing Setup
2020-02-19 FVL Pocket Pivot Bullish Swing Setup
2020-02-19 FVL New 52 Week Closing High Bullish
2020-02-19 FVL Volume Surge Other
2020-02-19 FVL New 52 Week High Strength
2020-02-19 FXD New 52 Week High Strength
2020-02-19 FXD Pocket Pivot Bullish Swing Setup
2020-02-19 FXD New 52 Week Closing High Bullish
2020-02-19 FXG 20 DMA Resistance Bearish
2020-02-19 FXG Volume Surge Other
2020-02-19 FXH New 52 Week High Strength
2020-02-19 FXH New 52 Week Closing High Bullish
2020-02-19 FXH New Uptrend Bullish
2020-02-19 FXH Pocket Pivot Bullish Swing Setup
2020-02-19 FXL Pocket Pivot Bullish Swing Setup
2020-02-19 FXL New 52 Week Closing High Bullish
2020-02-19 FXL New 52 Week High Strength
2020-02-19 FXN Slingshot Bearish Bearish Swing Setup
2020-02-19 FXO NR7 Range Contraction
2020-02-19 FXO Stochastic Sell Signal Bearish
2020-02-19 FXO Narrow Range Bar Range Contraction
2020-02-19 FXR NR7 Range Contraction
2020-02-19 FXR Narrow Range Bar Range Contraction
2020-02-19 FXU Upper Bollinger Band Walk Strength
2020-02-19 FXU New 52 Week High Strength
2020-02-19 FXZ Narrow Range Bar Range Contraction
2020-02-19 FXZ NR7 Range Contraction
2020-02-19 FXZ Crossed Above 20 DMA Bullish
2020-02-19 FYC New 52 Week High Strength
2020-02-19 FYC New 52 Week Closing High Bullish
2020-02-19 FYT 20 DMA Resistance Bearish
2020-02-19 FYX Pocket Pivot Bullish Swing Setup
2020-02-19 GSEW New 52 Week High Strength
2020-02-19 GSEW Pocket Pivot Bullish Swing Setup
2020-02-19 GSEW New 52 Week Closing High Bullish
2020-02-19 GSEW Narrow Range Bar Range Contraction
2020-02-19 IDHQ Doji - Bearish? Reversal
2020-02-19 MGC Pocket Pivot Bullish Swing Setup
2020-02-19 MGC New 52 Week High Strength
2020-02-19 MGC New 52 Week Closing High Bullish
2020-02-19 MGV Narrow Range Bar Range Contraction
2020-02-19 MGV NR7 Range Contraction
2020-02-19 MGV Pocket Pivot Bullish Swing Setup
2020-02-19 PBS Gilligan's Island Sell Setup Bearish Swing Setup
2020-02-19 PBS Doji - Bearish? Reversal
2020-02-19 PBS Shooting Star Candlestick Bearish
2020-02-19 PBS New 52 Week High Strength
2020-02-19 PBS Lizard Bearish Bearish Day Trade Setup
2020-02-19 PBS New 52 Week Closing High Bullish
2020-02-19 PEXL Narrow Range Bar Range Contraction
2020-02-19 PEXL Crossed Above 20 DMA Bullish
2020-02-19 PEXL 180 Bullish Setup Bullish Swing Setup
2020-02-19 PFI New 52 Week Closing High Bullish
2020-02-19 PFI New 52 Week High Strength
2020-02-19 PNQI Narrow Range Bar Range Contraction
2020-02-19 PNQI New 52 Week High Strength
2020-02-19 PNQI New 52 Week Closing High Bullish
2020-02-19 PRF Narrow Range Bar Range Contraction
2020-02-19 PSJ New 52 Week High Strength
2020-02-19 PSJ Upper Bollinger Band Walk Strength
2020-02-19 PSJ New 52 Week Closing High Bullish
2020-02-19 PTF New 52 Week High Strength
2020-02-19 PTF Upper Bollinger Band Walk Strength
2020-02-19 PTF New 52 Week Closing High Bullish
2020-02-19 PTH New 52 Week Closing High Bullish
2020-02-19 PTH New 52 Week High Strength
2020-02-19 PUI Slingshot Bullish Bullish Swing Setup
2020-02-19 PUI Upper Bollinger Band Walk Strength
2020-02-19 PWB New 52 Week Closing High Bullish
2020-02-19 PWB New 52 Week High Strength
2020-02-19 PWB New Uptrend Bullish
2020-02-19 PWC Narrow Range Bar Range Contraction
2020-02-19 PWC New 52 Week High Strength
2020-02-19 PWC New 52 Week Closing High Bullish
2020-02-19 PWV Pocket Pivot Bullish Swing Setup
2020-02-19 PWV NR7 Range Contraction
2020-02-19 PWV Narrow Range Bar Range Contraction
2020-02-19 PWV Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2020-02-19 PXH Narrow Range Bar Range Contraction
2020-02-19 PXH Crossed Above 20 DMA Bullish
2020-02-19 PXH NR7 Range Contraction
2020-02-19 PXI Morning Star Bullish
2020-02-19 PXQ Crossed Above 20 DMA Bullish
2020-02-19 PYZ Pocket Pivot Bullish Swing Setup
2020-02-19 PYZ 20 DMA Support Bullish
2020-02-19 ROOF Slingshot Bullish Bullish Swing Setup
2020-02-19 ROOF Stochastic Sell Signal Bearish
2020-02-19 SH New 52 Week Closing Low Bearish
2020-02-19 SH New 52 Week Low Weakness
2020-02-19 SPGP Narrow Range Bar Range Contraction
2020-02-19 SPHQ Pocket Pivot Bullish Swing Setup
2020-02-19 SPHQ Narrow Range Bar Range Contraction
2020-02-19 SPVM Narrow Range Bar Range Contraction
2020-02-19 SPVU Narrow Range Bar Range Contraction
2020-02-19 VEU Pocket Pivot Bullish Swing Setup
2020-02-19 VEU Crossed Above 20 DMA Bullish
2020-02-19 VEU NR7 Range Contraction
2020-02-19 VEU Narrow Range Bar Range Contraction
2020-02-19 VIOO Crossed Above 50 DMA Bullish
2020-02-19 VIOO Stochastic Sell Signal Bearish
2020-02-19 VIOO Narrow Range Bar Range Contraction
2020-02-19 VNQI 50 DMA Resistance Bearish
2020-02-19 VNQI MACD Bullish Centerline Cross Bullish
2020-02-19 VNQI Stochastic Sell Signal Bearish
2020-02-19 VNQI Narrow Range Bar Range Contraction
2020-02-19 VNQI 200 DMA Resistance Bearish
2020-02-19 VV New 52 Week High Strength
2020-02-19 VV New 52 Week Closing High Bullish
2020-02-19 XMVM Crossed Above 50 DMA Bullish
2020-02-19 XMVM Narrow Range Bar Range Contraction
2020-02-19 XMVM Stochastic Sell Signal Bearish
2020-02-19 XSMO Narrow Range Bar Range Contraction
2020-02-19 XSMO Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2020-02-19 XSVM Hammer Candlestick Bullish

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