The MICEX 10 Index () is an unweighted price index that tracks the ten most liquid Russian stocks listed on

Moscow Exchange The Moscow Exchange (MOEX; rus, Московская биржа, r=Moskovskaya birzha, p=mɐˈskofskəjə ˈbʲirʐə, a=) is the largest exchange in Russia, operating trading markets in equities, bonds, derivatives, the foreign exchange market, ...

. Composition of the index is assessed quarterly following the liquidity criterion. Components are assigned equal weight.

Calculation

The index is the

arithmetic average In mathematics and statistics, the arithmetic mean ( ) or arithmetic average, or just the ''mean'' or the ''average'' (when the context is clear), is the sum of a collection of numbers divided by the count of numbers in the collection. The colle ...

of the change of prices between a time

t

and a base time 0, which is the end of the preceding quarter. The formula is: :

\text = \frac \cdot\sum\limits_^\left(\frac \right)

where

P_

is the price of the component stock

i

at time

t

P^0_i

is the price of the component stock

i

at the end of previous quarter, and

k

is the adjustment coefficient.

Components

As of June 2017, the composition of the index was the following:

References

Russian stock market indices {{stockexchange-stub