How to choose from index component stocks?

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How to choose from index component stocks?

posted Jun 15, 2017

API Seeking Help Tools and Tips

Hi,
I am new to the pipeline API, and I am wondering if there is a way to choose index component stocks, such as Russell 2000 index. How to 'pipe' those stocks to my base universe?
Thanks!

3 responses

Think ranking stocks by market cap and then using a filter with market cap rank less than 999 and more than 3001 would return stocks ranked 1000-3000 by market cap, which should be similar to the Russell 2k index. Not sure if there's a built-in screen for this.

Hi Eric,

Thanks for your solution. Yeah, it will work for the Russell 2k index. Like you said I was wondering if there is a built-in screen for this type of work, so that it will also work for Dow Jones 30, Nasdaq, etc.

We don't have a data source that provides those specific indices. They are actually incredibly expensive to buy - Dow Jones, S&P, Russel, etc. make a boatload of money charging to use the constituents.

We provide some smart alternatives that are better for quant trading purposes. Check out the Q500US, Q1500US, and Q3000US. To understand more about how and why those stocks were chosen, see the universe selection lecture.

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.

In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.

In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.