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Equal weight

Treating every holding in a list as the same size, so a company’s influence on the result comes from its own move and not from how large the company is — the basis on which the Top-10 lists are tracked against the market.

A list of ten companies can be summarised in two ways. Weighting by size lets the largest company dominate, so the number mostly describes that one company; weighting equally gives each of the ten the same say, so a 10% move in the smallest counts exactly as much as a 10% move in the largest. The Top-10 lists are tracked equal-weight because the lists are selections rather than portfolios — the question they are meant to answer is how the chosen names did, and a size-weighted figure would answer a different question about one or two of them.

Each list’s tracked value starts at 100 on the first day it was published and is chained through each rebalance: the members as of a rebalance are held to the next one, an entering company counts from the close on the day it entered, and a company that leaves counts up to the day it left. The market is rebased to 100 on the same day and shown alongside, so the two lines start together and any distance between them is the difference — which is always presented as the difference and never on its own.

Two things are deliberately not done. The record starts on the first day the list was actually published, never earlier: a figure reconstructed backwards would be describing a list nobody could have followed, and there is no live record before there was a live list. And winners and losers are described in the same words, with no calculation of what any amount of money would have become — the site publishes a formula and what it produced, and a "would have made" figure is a claim about a decision the site never made.

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How the Top-10 lists are tracked →

Related terms

  • The Long-term Score — A 0–100 number that is the weighted average of a company’s percentile ranks on six pillars — profitability 20%, growth 20%, financial health 15%, valuation 15%, shareholder return 10%, long-term trend 20% — and the thing the Long-term 10 is sorted by. It is a published formula and its output, not a recommendation.
  • The Short-term Score — A 0–100 weighted average of five technical pillars — trend 25%, momentum 20%, setup 20%, volume and participation 15%, catalysts 20% — describing where a share stands on the tape today. It describes past price behaviour; it does not forecast the next move.
  • Percentile rank — Where one company stands in a field, expressed from 0 to 100 rather than in the metric’s own units — the device that lets a margin, a growth rate and a valuation multiple be averaged into one score without any of them dominating.
  • Rebalance — The scheduled moment when a list’s membership is allowed to change — rebalanced on the first trading day of each month for the Long-term 10, rebalanced every Monday for the Short-term 10. Scores move every night; membership only moves on the calendar.
  • Hysteresis (why a list does not churn) — The rule that a current member keeps its place while its rank stays within 15 even though only 10 are published — a deliberate gap that stops the same two companies swapping places every period on differences too small to mean anything.

See more terms in the stocks-llm glossary.

Informational only — NOT financial advice. This is an educational definition, not a recommendation to buy or sell anything. Metrics on stocks-llm are delayed data and may be missing or stale. Always verify information independently and consult a qualified financial professional before making any investment decision.

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Informational only — NOT financial advice.

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