New bivioan has questions regarding "Club Index" which
appears on the bivio home page:

* Does the "Current" listing indicate that there are 8,006
  clubs currently active on the bivio roll? Is that number
  determined by the number of active clubs at the close of
  trading on Friday, 2/9/07?

* What does the red "-69" figure located beside the 8,006
  figure indicate?

* For "Top Club Holdings", does the 29% figure indicate that
  2,321 clubs own Home Depot? (.29 X's 8006). And, thus, is
  Home Depot the number one owned stock among bivio club
  portfolios?

I have searched the archives for a clear explanation of the
"Club Index" guidelines but I am still confused. Hopefully,
a seasoned veteran of bivio can help me with my questions.

Thank you.

Bob Hooper
Tucson, AZ

Robert Hooper writes:
> New bivioan has questions regarding "Club Index" which
> appears on the bivio home page:

Please click on the words "Club Index" to learn how it is constructed:

http://www.bivio.com/hm/club-index.html

> * Does the "Current" listing indicate that there are 8,006
> clubs currently active on the bivio roll? Is that number
> determined by the number of active clubs at the close of
> trading on Friday, 2/9/07?

The index is in portfolio dollars. We started the Club Index in 2001
with $10,000. The portfolio is weighted by the aggregate holdings of
clubs in our system.

> * What does the red "-69" figure located beside the 8,006
> figure indicate?

It went down by -69 from the prior trading day.

> * For "Top Club Holdings", does the 29% figure indicate that
> 2,321 clubs own Home Depot? (.29 X's 8006). And, thus, is
> Home Depot the number one owned stock among bivio club
> portfolios?

No, we filter the clubs whose portfolios are included in the Top Club
Holdings and Club Index to throw out outliers. One of the tricky
things about having a public index like this is to avoid spammers and
scammers trying to pull it in one direction or the other. Our
self-selection bias is that the customers are using bivio for their
accounting. All other "stock picking" indexes we know of use
survey-based aggregations which have a strong self-selection bias.
If you know of other neutral "stock picking" indexes, please let us
know.

> I have searched the archives for a clear explanation of the
> "Club Index" guidelines but I am still confused. Hopefully,
> a seasoned veteran of bivio can help me with my questions.

Ask away. We find the Club Index gets very little attention. It's
something very real to us. We took a lot of time to design it, and we
spend time to maintain it.

Thanks for your interest!

Rob