Forum Topics NEA NEA Entry into Strawman Index
BlueStreak
Added 7 years ago

How did Nearmap suddenly jump to #13 in the Strawman Index? I swear it has been in there for ages but the Start Price says $3.00 with a date of 11th April (today). So I'm confused. Did Nearmap just suddenly enter in the Index and, if so, how did it get to #13 so quickly? Or has it been in the Index for sometime but, if so, why does it have a start date of today?

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Strawman
Added 7 years ago

That is an excellent question! Will investigate and get back to you..

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Strawman
Added 7 years ago

So what has happened is this: To get into the index a company must be rank in the top 15 (but we only remove it if it ranks outside of the top 20 -- see here: https://help.strawman.com/strawman-index-company-rankings-and-scorecards/what-is-the-strawman-index). At the same time, Xero and Hansen dropped down the rankings as some members closed out their recommendations. That meant that Nearmap started at #13 (not #15). Nearmap has previously been in the index, most recently dropping out in late February. Although it has been on the index for a long time (see previously closed positions by scrolling down on the SM index page). Hope that clarifies things.

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