Dispersion: Measuring Market Opportunity - S&P Dow Jones ...

Exhibit 1 shows the dispersion of the S&P 500®, calculated with monthly returns at the stock level. Exhibit 1: S&P 500 Monthly Dispersion, Dec. 1996 – Sept. 2013 Source: S&P Dow Jones Indices. Max S&P 500 = 1630.74. Data from Dec. 1996 to Sept. 2013. Graphs are provided for illustrative purposes. ................
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