MW IT Index®

Overview

martinwolf publishes three proprietary indices (U.S., China and India Editions) that are used by IT sector businesses, international media, and the professionals at the firm to analyze the state of the industry. The MW IT Index remains the only index of its kind in the IT Services industry.

All editions are tracked on a five-year historical basis beginning with a value of 1000. 

MW IT Index® Global Edition

ThMW IT Index® (Global Edition) is a report of our proprietary analysis using securities that are weighted according to the market value of their outstanding shares through the fourth quarter of 2012. The global edition of our Index combines our U.S., India and China editions, tracking companies and comparing them to public stock exchanges in each of these geographies.

Topline Analysis

It has been an eventful quarter, with technology-related announcements playing a large role in the news cycle. In the U.S., tech companies continued their shift toward portable computing, as Amazon announced their first phone and Microsoft announced that they would make Windows free on devices with screens smaller than 9 inches.

In China, established sectors are turning to big data to get the most out of their customer base. And in India, technology was at the heart of new Prime Minister Narendra Modi's party platform and government focus.

SaaS, which remains the highest valued sector in our Index, experienced a volatile quarter with valuations slightly down from Q1 highs, while IT Services, Supply Chain and Software Indexes were mostly flat for the quarter. Abroad, Indian IT Services companies benefited from a new technology-focused and business-friendly government policy and Chinese companies continued branching out into higher valuation services.

View the entire Index here.

Description and Formula

The MW IT Index® is a market-value-weighted index. The representation of each security in the index is proportional to its last sales price times the total number of shares outstanding, relative to the total market value of the respective index.

Adjustments for securities being added to or deleted from the index, or capitalization changes, are made periodically. Stock splits and stock dividends are likewise adjusted for during the process. In the case of cash dividends, no adjustment is made.