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PVCI exceeds the 1000 mark

The Thomson Reuters’ Post-Venture Capital Index (PVCI) has climbed to its highest point in more than a decade as it reached 1020.34 at the end of October.

The PVCI, which ended September at 984.19, is at its highest mark since October 2000 when it stood at 1086.24. The rise of the index is inline with the steady gains seen bu the Dow Jones and the Nasdaq.

At the end of October, the PVCI was comprised of 548 companies. Of the stocks tracked on the index, only 282 advanced in value while 266 declined. Among the top market value gainers, according to the PVCI, were Google, Cyan and HCA Holdings.

Among the companies that saw a decline were Tesla Motors, Groupon and LinkedIn.

To see the PVCI, click on the link under “Related Files” on the right.

What is the PVCI?

The PVCI tracks VC-backed stocks beginning at when they go public. It is a market-valued index that measures the performance of public stocks of companies that have raised financing.

Companies remain in the index for 10 years from the IPO date or until price data is no longer available, they are acquired or removed from a publicly traded exchange.

The index is calculated daily and does not take into account dividends. It began in January 1986 with an initialized index value of 100.