TD Ameritrade's Investor Movement Index: Dips Slightly in April but Overall Bullish Activity Continues
Volatility spurs action among investors
OMAHA, Neb.--(BUSINESS WIRE)-- TD Ameritrade, Inc. ("TD Ameritrade"), a broker-dealer subsidiary of TD Ameritrade Holding Corporation (NYS: AMTD) , is today revealing the Investor Movement IndexSM score for April 2013. The Investor Movement Index, or the IMXSM, is a proprietary, behavior-based index created by TD Ameritrade that aggregates Main Street investor positions and activity to measure what investors are actually doing and how they are positioned in the markets.
The April 2013 Investor Movement Index for the five weeks ending April 26, 2013, reveals:
Score: 5.31 (compared to 5.37 in March)
Trend direction: Negative
Trend length: 1 month
Score relative to historic ranges: High
The IMX numbers for April indicate a slight decline following the near-term high reached in March. Despite the slight decrease, April maintains an overall bullish trend. April's numbers still indicate clients are maintaining significant market exposure. It was the fifth highest reading in the IMX's more than three-year history. Broad market volatility increased in April, and TD Ameritrade's retail clients rotated their holdings, selling securities on market advances, buying into market downturn and only slightly dialing back their overall exposure.
"April's IMX score proves our retail investors weren't swayed by the volatility we saw in April," said Nicole Sherrod, managing director of TD Ameritrade's Trader Group. "They bought into the dips and remain overall bullish."
The IMX value is calculated based on a complex proprietary formula. Each month, TD Ameritrade pulls a sample from its client base of 6 million funded accounts that includes all accounts that completed a trade in the past two months. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly IMX.
For more information on the Investor Movement Index, including historical IMX data going back to December 2010, to view the full report from April 2013, or to sign up for future IMX news alerts, please visit www.tdameritrade.com/IMX. Additionally, TD Ameritrade clients can chart the IMX using the symbol $IMX in either the thinkorswim® or TD Ameritrade Mobile Trader platforms.
Past performance of a security, strategy or index is no guarantee of future results or investment success.
Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision.The IMX is not a tradable index.The IMX should not be used as an indicator or predictor of future client trading volume or financial performance for TD Ameritrade.
For the latest TD Ameritrade news and information, follow the Company on Twitter, @TDAmeritradePR.
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade's (NYS: AMTD) technology, people and education to help make investing and trading easier to understand and do. Online or over the phone. In a branch or with an independent RIA. First-timer or sophisticated trader. Our clients want to take control, and we help them decide how — bringing Wall Street to Main Street for more than 37 years. An official sponsor of the 2014 and 2016 U.S. Olympic and Paralympic Teams, TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrade's newsroom or www.amtd.com for more information.
TD Ameritrade Holding Corporation
Beth Evegan, 201-369-5930
Manager, Communications & Public Affairs
Jeff Goeser, 402-597-8464
Director, Investor Relations & Finance
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