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.

BREAKING DOWN '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.

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  1. What does it mean to be "above water"?

    The term "above water" is used to describe any situation in which the ending or current value of a subject is higher than ... Read Answer >>
  2. How strongly does government regulation impact the utilities sector?

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  3. How can particular scarcities benefit specific stocks?

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  4. What average annual total return does the utilities sector generate?

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  5. How many different types of utility stocks are there?

    Learn more about utility stocks and about some of the differences between different kinds of utility companies, including ... Read Answer >>
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