2021-01-22 Meeting notes
- Elisa Kendall
Date
Attendees
Agenda
1) Use Case reminder
2) Where we are on our road map.
3) Open Action Items
4) JIRA Issues Review - https://jira.edmcouncil.org/projects/IND/issues/IND-17?filter=allopenissues
5) Todays content discussion.
SMIF OWL-UML
SKOS
RDF/S
6) For next week.
Proceedings:
Reviewed the diagram that Chris created ages ago with respect to market indices and what comprises an index, their relationships, etc. One area we don't cover is the notion of a composite index, and of benchmarks comprised of multiple indices. See, for example, https://www.investopedia.com/terms/c/cili.asp.
We determined that there is some overloading going on in the ontology that munges the notion of a fixed basket with the notion of a basket of consumer goods and services. To address this we raised issue IND-101, which says "Need to distinguish the notion of a consumer basket from one that consists of instruments and/or indices".
We are also missing the expression required to calculate market capitalization. We have capitalization-based weighting function but not the connection to the expression that would calculate the market cap of the consituents of the index. See IND-102 for this one.