For a long time now, I have been wondering what the comparable index is for technology companies - well, it is the NYSE ARCA Tech 100. Its a price weighted multi industry index comprising common stocks and ADRs listed on US exchanges, whose core capability is the technology sector. Price weighted, of course, is all their prices divided by the number of shares adjusted for stock splits.
Sectors included are: Semiconductors, computer hardware and software, telecommunications, data storage and processing, electronics, media, aerospace and defense, health care equipment and biotechnology.
http://www.nyse.com/pdfs/103_NXT_Index_Information.pdf
Over the last 52 weeks, it had fluctuated from 732 (18th Jul 2006) - 960 (20th June 2007). March this year saw a lot of low end blips where the index was trading in the 830 range but since April it has been climbing.
Searching for more information on the index ratios.
Another index of importance is the NASDAQ 100.
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