What function does CIX serve in financial analysis?

CIX, or Custom Index eXchange, is a tool that allows analysts and investors to create and manage custom indices tailored to specific investment strategies or criteria. This functionality is particularly valuable in financial analysis because it enables users to combine various assets or securities into a single index that reflects a certain theme, sector, or strategy. By generating custom indices, analysts can track performance more accurately, develop bespoke benchmarks, and conduct thorough performance analysis against these tailored indices.

Using CIX, financial professionals can expand their analytical capabilities by constructing indices that align closely with their investment objectives, allowing for a more customized approach to portfolio management and performance assessment. This makes it a critical function in financial analysis for those looking to take a more nuanced or personalized approach to index calculation and investment strategy evaluation.