Index Governance
Monthly Index Review
Every month, DEGENCOM™ screens the entire National Market System and crypto markets — from meme stocks to sin stocks to digital assets — scoring thousands of equities and cryptocurrencies on volatility, volume, momentum, and thematic relevance. Most months confirm the current portfolio. When changes are warranted, they are published here.
Bitcoin (BTC-USD) is a permanent index constituent. The index maintains 35–50 holdings at all times. The divisor is reviewed alongside each rebalance to ensure index continuity.
Review History
Published reports
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Methodology
How the review works
Screen the Universe
Fetch all National Market System stocks from NYSE and NASDAQ, plus major cryptocurrencies. Apply tradability filters: minimum price, average volume, and daily dollar volume.
Score Every Candidate
Calculate four signals for each stock: realized volatility, volume spike trend, price momentum, and thematic relevance to the degenerate economy.
Select & Rebalance
Rank all candidates by composite score. Current holdings receive an incumbency bonus to reduce unnecessary turnover. Select top 35–50 names.
Review & Publish
Compare against current index. If changes are warranted, calculate new weights and adjust divisor. Publish the report whether changes occur or not.
Monthly rebalance reports are informational only and do not constitute investment advice, an offer, or a solicitation. The scoring methodology uses quantitative signals and may not capture all relevant factors. Past performance does not guarantee future results. Any ETF product, if launched, will include management fees and expenses that reduce investor returns.