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Section: 7 Specific Sector Return
Similar to market return, sector performance can be measured using the sector index or sector capitalization.
The following formula could be adopted to ascertain the sector return.
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Specific sector return(%) = |
End of year sector index – Beginning of year sector index |
x 100 |
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Beginning of year sector index |
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+ |
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|
Total dividend paid by sector the joint stock companies |
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|
Current market capitalization of the sector |
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Sector return can be used to compare individual stock performance of the same industry with the respective sector.
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Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia