Morgan Stanley Cyclical Index - CYCN.A.
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Morgan Stanley Cyclical Index
The Morgan Stanley Cyclical Index (CYC) is an equal-dollar weighted index designed to measure the performance of economically sensitive industries within the U.S. economy and detect shifts in investor sentiment. The CYC Index comprises 30 stocks from over 25 industries, including automobiles, metals, papers, machinery, chemicals and transportation. The CYC Index was established with a benchmark value of 200.00 on December 31, 1991. To ensure that each component stock continues to represent approximately equal weight in the Index, adjustments are made annually, based on closing prices on the third Friday in December.