ALSO is one of the stocks selected from the NASDAQ Europe Index for the NASDAQ AlphaDEX® Europe Index. The Index is constructed by ranking the stocks in the NASDAQ Europe Index on growth and value factors.
In order to be eligible, securities have to:
- be a member of an eligible exchange as determined by Nasdaq;
- have a five-day global rolling average daily dollar trading volume over the last 60 trading days greater than USD 500,000;
- have a market capitalization greater than the midcap breakpoint (50% percentile) as determined by Nasdaq,
amongst other criteria.
The growth factors used for ranking eligible securities are:
- 3-, 6- and 12-month price appreciation
- sales to price
- 1-year sales growth
The value factors used for ranking eligible securities are:
- book value to price
- cash flow to price
- return on assets
Following the basic selection process, the 200 best scoring stocks are carefully selected and semi-annually evaluated. ALSO Holding AG sees the inclusion as confirmation of its strategy of sustainable profitable growth.
