What does TDFI mean in UNCLASSIFIED


TDFI stands for Tadawul Diversified Financials Index, a benchmark index designed to track the performance of a select group of diversified financial companies listed on the Saudi Stock Exchange (Tadawul). It is a market capitalization-weighted index, meaning that the companies with the largest market capitalizations have a greater impact on the index's value.

TDFI

TDFI meaning in Unclassified in Miscellaneous

TDFI mostly used in an acronym Unclassified in Category Miscellaneous that means Tadawul Diversified Financials Index

Shorthand: TDFI,
Full Form: Tadawul Diversified Financials Index

For more information of "Tadawul Diversified Financials Index", see the section below.

» Miscellaneous » Unclassified

Key Features

  • Representation: TDFI includes a diversified portfolio of financial companies, including banks, insurance companies, investment firms, and financial services providers.
  • Market Capitalization: The index is weighted by market capitalization, with the largest companies having the most significant influence on its performance.
  • Performance Tracking: TDFI serves as a benchmark for investors to track the overall performance of the diversified financial sector in Saudi Arabia.

Inclusion Criteria

Companies are eligible for inclusion in TDFI if they meet the following criteria:

  • They are classified as diversified financial companies by Tadawul.
  • They have a minimum free float of 15%.
  • They have a sufficient trading history and meet certain liquidity requirements.

Calculation

The TDFI is calculated as follows:

  • The market capitalization of each eligible company is calculated using the closing price of its shares.
  • The market capitalizations of all eligible companies are summed up to obtain the total market capitalization of the index.
  • The index value is obtained by dividing the total market capitalization by a base divisor.

Essential Questions and Answers on Tadawul Diversified Financials Index in "MISCELLANEOUS»UNFILED"

What is the Tadawul Diversified Financials Index (TDFI)?

The TDFI is a stock market index that tracks the performance of the largest and most diversified financial companies listed on the Saudi Stock Exchange (Tadawul). It includes companies from various financial sectors, such as banking, insurance, asset management, and investment banking.

What are the criteria for inclusion in the TDFI?

To be included in the TDFI, companies must meet certain criteria, including having a minimum market capitalization, a certain level of trading volume, and a track record of profitability. The companies are also assessed based on their diversification across financial sectors and their role in the Saudi financial market.

How is the TDFI calculated?

The TDFI is calculated using a market-capitalization-weighted average. This means that the market capitalization of each company in the index is used to determine its weight in the index calculation. The index is calculated and published daily by the Saudi Stock Exchange.

What is the purpose of the TDFI?

The TDFI serves as a benchmark for investors who want to track the performance of the Saudi financial sector. It provides a broad overview of the financial industry and can be used to evaluate the performance of individual financial companies against the overall market.

How can I track the TDFI?

The TDFI is publicly available and can be tracked on financial data platforms and the Saudi Stock Exchange website. Investors can view the index value, historical performance, and the composition of the index.

Final Words: TDFI is a widely recognized index that provides investors with a comprehensive measure of the performance of the diversified financial sector in Saudi Arabia. It is a valuable tool for portfolio management, performance measurement, and market analysis.

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