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Slightly outperformed
- Between January 2022 and January 2024, TOPIX slightly outperformed the Nikkei Stock Average.
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What is the difference between Topix & Nikkei?
What is the difference between Topix vs Nikkei 225?
What is the Nikkei/Topix ratio?
What is the Nikkei 225 stock average?
Feb 6, 2024 · Between January 2022 and January 2024, TOPIX slightly outperformed the Nikkei Stock Average. Index Performance: TOPIX vs Nikkei 225 (January 4, 2022 = 100) Source: Bloomberg Components of TOPIX. Compared to the Nikkei Stock Average, TOPIX component stocks and top 10 companies differ as shown in the table below.
- The Nikkei 225 and The Oldest Index in Japan
- The Topix A More Accurate Representation of Japanese Markets
- The Jasdaq A Pioneer and Soon to Be Relic
- Japanese REIT Indexes
- Other Japanese Derived Indices
- Final Thoughts on Japanese Markets and Indices
When you often hear about how well the Japanese stock market is doing on the news they are often referring to the Nikkei 225. The Nikkei 225 tracks some of the largest Japanese companies over a wide array of sectors. It seems to operate much like the DOW but with more companies being tracked. The index is price weighted and thus is an average of al...
The TOPIX was created after the Nikkei in the year 1969. It was created as a market cap weighted index to be a more accurate representation of the Japanese stock market. It incorporates free float into its weighting as a way to exclude cross company held shares. Cross company holdings, known as Keiretsu, is a sign of respect when companies formed b...
JASDAQ is known as a small stock marketfor small domestic markets. Sony, Honda and Softbank were once listed on it but since they got big enough they switched to the Tokyo Stock Exchange. Some would like it to become the Nasdaq of Japan. However, it seems like its days are numbered. Since the large consolidation of exchanges in Japan it has now bec...
Japan has REITs that are specifically in REIT indexes. If you want exposure to the Japanese real estatemarket it is important to invest in them individually. The TOPIX index excludes REITS so an investment in the TOPIX will exclude any Japanese REITS.
There are far to many indices to name them all here but just like in the United States there is literally and index for everything. These indexes track the following: 1. Bonds. 2. Commodities. 3. Foreign equity. 4. Market sector equities. 5. Dividend indices. If you want a full list of purchasable indices and their corresponding funds check out the...
After trying to figure out the wild world of Japanese market indexes I now realize why its often considered too large and confusing. It really is a mess and thankfully they are taking steps to resolve this by consolidating it down to three components. This will help companies list on the Japanese markets with less confusion and create a much less c...
- Bryan Shealy
Sep 26, 2016 · The Topix closed 1 per cent lower while the Nikkei 225 fell 1.3 per cent – the seventh day in a row the market capitalisation-weighted index has beaten the price average. That is the...
The Topix is a broad market-cap based index, while the Nikkei, described by CLSA’s strategist Nicholas Smith as “a Flintstones index from an abacus age”, is an average of just 225 share prices —...
Feb 15, 2024 · The so-called NT ratio, which compares the Nikkei 225 Stock Average with the Topix, reached its highest since 2021. The Nikkei 225 is about 2.3% away from surpassing its record closing level...
The Nikkei 225 is a price-weighted average of the 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange (it excludes REITs, preferred stocks and ETFs). As such, higher-priced stocks have a greater weighting in the index while the TOPIX is influenced by high-capitalization companies.
The TOPIX and Nikkei have higher earnings yields (the reciprocal of the price/earnings ratio) than the S&P 500® and the Dow Jones Industrial Average (Figure 4). They also trade at much lower multiples to sales (Figure 5) and book values (Figure 6).
