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Location: Documentation » US Stock and Indices Databases » Calculations

 

Rebasing Index Levels

It is possible to rebase an index to make index levels of two index level series comparable if the returns of both indices were created using the same holding periods. To rebase an index, choose a new initial date and value, find the current index level on the new initial date, and multiply the levels on all dates by the new initial value divided by the old initial date index level.