- Strategies & Ranks
- Investor Tools
- Sabrient Indices
- UITs & ETFs (First Trust)
- UITs (TSC Capital)
Sabrient Large-cap Insider/Analyst Quant-Weighted Index
The Sabrient Large-cap Insider/Analyst Quant-Weighted Index (SBRQAL) is a quantitatively-weighted index comprised of 100 of the top-ranked stocks in the S&P 500 Index. The Index is designed to help markets incorporate the dynamics of both insider behavior and analysts’ earnings revisions into stock valuations.
Eligible securities must have membership in the S&P 500 Index. Using the four factors described in the overview, this universe is reduced to 200 stocks, which are then ranked with a quantitative overlay based a forward-looking “outlook” score. The top-ranked 100 stocks are selected for the Index.
Based on their relative ranking in the quantitative overlay, the final 100 stocks are weighted exponentially so that the top 50 represent a range of 0.96% (for the 50th ranked stock) to 2.6% (for the highest ranked stock), and each of the bottom 50 stocks is given a flat-weighting of 0.35%.
There are no sector concentration limits on the selected stocks, and the Index is rebalanced monthly.