CRSP data fuels Reverse Stocks media discussion

Chicago, Illinois, October 2002) In an article published by Jon Swarz, CRSP stock data suggests that more tech companies are pursuing reverse stock splits, at higher ratios, to artificially inflate prices.

(Chicago, Illinois, November 2002) In an article published by Jon Swarz, CRSP stock data suggests that more tech companies are pursuing reverse stock splits, at higher ratios, to artificially inflate prices.

The article, "Tech firms try reverse splits to lift stocks" was featured on the front page of Money, USA Today. Please refer to the article for a more detailed review about the reverse stock debate.
http://www.usatoday.com/money/markets/us/2002-10-14-reverse_x.htm

CRSP, the Center for Research in Securities prices is a financial research center at the University of Chicago, Graduate School of Business that creates and maintains premier historical US databases of stock (Nasdaq, AMEX, NYSE),indice, bond and mutual fund securities. These databases are used by leaders in academic and corporate communities for financial, economic, and accounting research.

CRSP Products include:
Standard Subscription Products
§   CRSP US Stock Databases
§   CRSP US Indices Database
§   CRSP/COMPUSTAT Merged Database (CCM)
§   CRSP Survivor Bias-Free US Mutual Fund Database
§   CRSP US Treasury Databases
Other Products
§   Proxy graphs for 10K SEC filing
§   Monthly cap-based reports
§   Custom data sets and extractions    

A number of factors make the CRSP products unique:

CRSP US Stock Databases

CRSPs unique and permanent security and company identifiers, PERMNO® and PERMCO®, enable uninterrupted time series analysis. This is because corporate actions, including name changes and merger activity, have been tracked over time and therefore an accurate history is available for research purposes.

The Stock history dates back to 1925 on a month-end basis and 1962 on a daily basis. The database includes corporate actions, dividends, price, volume, return and shares outstanding data.

CRSP/COMPUSTAT Merged Database (CCM)

CRSP Link® allows descriptive data such as price, delisting and distribution information in CRSPs stock data files to be retrieved concurrently with income statement, balance sheet, cash flow, and supplemental data from COMPUSTATs fundamental data files. The data is for active and inactive stocks in the respective databases.

CRSP Link® maps CRSPs permanent, unique identifiers, PERMNO® (permanent issue identification number) and PERMCO® (permanent company identification number), with COMPUSTATs permanent, unique company identifier,
GVKEY making concurrent data retrieval possible.

CRSP Survivor Bias Free US Mutual Fund Database

The CRSP Survivor-Bias Free US Mutual Fund Database includes dead (delisted) funds that are traditionally removed from other mutual fund databases. The CRSP database allows researchers to create performance benchmarks free of survivorship bias by including both dead and surviving funds.
CRSP US Treasury Databases

This database comprises historical descriptive information and market data for over 1.5 million end-of-day price observations for 3,200 issues since June 14,1961, and over 101,500 prices for 5,100 month-end issues since 1925.

A major attraction of the monthly treasury database is supplemental files that include the Fama treasury bill term structures files, the Fama maturity portfolio returns file, the Fama-Bliss discount bonds file, the risk free rates file

Cap-Based Product

The Cap-Based Product comprises reports based on the CRSP Cap-Based Portfolio Index. The universe used to create the deciles includes NYSE, AMEX and NASDAQ market securities (excluding American Depositary Receipts) with breakpoints set by the NYSE Market Capitalization.

Reports include the Monthly Results Reports, the Quarterly Results Reports and the Historical Report.

Proxy Product

The Proxy Product is a total return performance graph, with data, for 10K SEC filings. CEOs, auditors, attorneys and accountants use these to demonstrate peer performance when they submit their Edgar filings with the SEC. The product is also offered to academics to illustrate these requirements to their students.

Custom Datasets

Academic and Corporate researchers may require information tailored to their specific need. Custom data sets are available upon request.

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