Palisades Water Index

AAA

DEFINITION of 'Palisades Water Index'

A stock market index that gauges the performance of global water industry companies. These companies encompass such subsectors as water utilities, pump and filter manufacturers, and irrigation equipment. The index was created in order to capitalize on the growing public awareness of water provision and treatment.

INVESTOPEDIA EXPLAINS 'Palisades Water Index'

As of December 31, 2003, the index was set at 1,000. In order to find out where it is now, look for ticker symbol ZWI. The index is a modified, equal weighted dollar index and trades on the AMEX.

RELATED TERMS
  1. Exchange-Traded Fund - ETF

    A security that tracks an index, a commodity or a basket of assets ...
  2. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  3. Index

    A statistical measure of change in an economy or a securities ...
  4. Bulldog Market

    A nickname for the foreign bond market of the United Kingdom. ...
  5. Bidder

    The party offering to buy an asset from a seller at a specific ...
  6. Cash-And-Carry Trade

    A trading strategy in which an investor buys a long position ...
Related Articles
  1. Introduction To The Arms Index
    Active Trading

    Introduction To The Arms Index

  2. Water: The Ultimate Commodity
    Mutual Funds & ETFs

    Water: The Ultimate Commodity

  3. The ABCs Of Stock Indexes
    Economics

    The ABCs Of Stock Indexes

  4. Index Investing
    Mutual Funds & ETFs

    Index Investing

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center