The market is missing footnotes, and our research is the first and best at collecting footnotes data that delivers novel alpha – as proven by Core Earnings: New Data & Evidence, published in The Journal of Financial Economics.
We are very excited to partner with Bloomberg to launch a family of indices and bring more investors access to the proven novel alpha in our proprietary data and research. Details on other indices are here.
Details:
This index tracks the performance of the top 100 companies that have high Earnings Capture based on our proprietary Core Earnings, which removes unusual gains and losses found in the footnotes and MD&A in company filings. The Earnings Capture metric equals Core Earnings minus reported earnings.
Official Docs: Fact Sheet and the Index Methodology.
On the Bloomberg website or terminal, you can track performance with these tickers:
- Total Return Index BCORET:IND,
- Price Return Index BCORE:IND,
- Net Return Index BCORENR:IND.
More details in Figures 1 and 2.
Figure 1: Core Earnings Leaders Index on the Bloomberg website
Sources: New Constructs, LLC & Bloomberg
Figure 2: Core Earnings Leaders Index on the Bloomberg Terminal
Sources: New Constructs, LLC & Bloomberg
This article was originally published on October 29, 2024.
Disclosure: David Trainer, Kyle Guske II, and Hakan Salt receive no compensation to write about any specific stock, sector, style, or theme.
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