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Janney Global Water Index Provides Global Water Industry Data
New York (PRWEB) July 2, 2007 -- The Janney Global Water Index (Ticker: ^JGI) made up of 60 global water industry stocks, and its two related 30 stock sub-indexes, Janney Water Works (Ticker: ^JWW), covering global water utilities, and Janney Water Tech (Ticker: ^JWT), covering water technology and infrastructure stocks, offers a unique insight into the global water industry. Standard & Poor?s provides the real-time daily calculations for these custom indices.
The JGI index, which isolates the most pure-play water stocks in the world by applying stringent inclusion standards, has sustained stellar performance since, June 18, 2002. Based upon back-test data provided by Standard & Poor?s, the composite JGI has risen 168%, while the two sub-indexes have performed equally as well.
The JGI composite index has a total market capitalization of $185 billion, with an average market cap of $3.5 billion (median market cap: $1.6 billion). The index?s weighted price/earnings ratio is 26.7X, its weighted price/book ratio is 3.8X and its weighted dividend yield is 2.19%.
Stocks contained in the index must generate at least 25% of their total revenues from water and activities directly related to water. This compares to other water indexes that apply a 10% hurdle. Says Debra Coy, Consulting Analyst to Janney Global Indexes, ?The JGI stacks up reasonably well against major global benchmarks, such as the S&P 500. Though more richly valued than the S&P 500, the sector does not seem to be significantly out of line with global valuations, in spite of its significant recent performance.?
Janney Water Works represents a total market capitalization of $105 billion, with an average market cap of $3.5 billion (median market cap: $916 million). The JWW?s weighted price/earnings ratio is 23.5X, its weighted price/book ratio is 3.2X and its weighted dividend yield is 3.15%.
Janney Water Tech represents a total market capitalization of $80 billion, with an average market cap of $2.7 billion (median market cap: $1.78 billion). The JWT?s weighted price/earnings ratio is 29.9X, its weighted price/book ratio is 4.4X and its weighted dividend yield is 1.23%.
For more information, visit http://www.janneywaterindexes.com
Index Info: Joseph LaCorte J-Net Global Indexes, LLC 646-467-7927
Water Industry Info: Debra Coy Janney Montgomery Scott, LLC 202-955-4315
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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