What is weight? What do different weights mean?

The index is a weighted average of the input series. The weight of an input represents the relative importance of the input to the index. A higher weight means the selected input is of higher importance to the index.

To apply same weights to all input series

  1. Click the vertical ellipsis (⋮)

  2. Select the option Equalize weights

To normalize weights to a total of 100%

  1. Click the vertical ellipsis (⋮)

  2. Select the option Normalize weights

  3. Note: the tool automatically rebalances all weights to a total of 100% during calculation. You only need to normalize them if you choose to do so.