SMG Rankings

Beginning in the fall of 2008, rankings will now be based on a team's total equity in relation to the current value of the S&P 500 and will be calculated daily. Rankings will be viewed as a percentage either above or below the S&P 500 value.

What is the S&P 500? It is an index tracking 500 companies in leading industries: financial services, transportation, technology, utilities, consumer products, health care, energy, communications, services, etc. Many consider it the most accurate reflection of the U.S. stock market today.

The new ranking method will work as follows:

When a student team is created prior to the start of the game session, the value of the S&P 500 on the first day of trading will appear in the right corner of the “Account Summary” page (called “Start S&P 500”). This value will not change during the course of the SMG Program session. If a team is created after the start of the game session, the “Start S&P 500” will be the value of the S&P 500 the day the team is created.

In the “Rankings” page of each portfolio, teams will be listed in descending order according to their S&P 500 ranking. The result will be the team's percent return according the current growth of the S&P 500. The S&P 500 ranking allows a level playing field for participants, since all teams do not enter the trading session at the same time.

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