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MISSION:INTANGIBLE, the blog of the Intangible Asset Finance Society, offers critical comments on intangible asset, corporate reputation, and finance; supplemented by quantitative reputation metrics. Intangible assets include business processes, patents, trademarks; reputations for ethics and integrity; quality, safety, sustainability, security, and resilience; and comprise 70% of the average company's value. MISSION:INTANGIBLE is a registered trademark of the Intangible Asset Finance Society.

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RepuStars 2013 July 13 RESTATEMENT

C. HUYGENS - Wednesday, July 17, 2013
Under the category of "You're Doing it Wrong," there was an arithmetic error in the formula TOPCAP used to calculate the trailing twelve month returns of REPUSPX. The error affected all REPUSPX Trailing Twelve Month returns reported on this blog during the 2013 calendar year. The error was discovered during a formula audit. Huygens apologizes.

It was previously reported that the trailing twelve month returns for REPUSPX were 30.63% beating the S&P500 by a spread of 4.74%. The correct value as of last Thursday is a trailing twelve month return of 58.15% that is beating the S&P500 by a spread of 32.27%.

The formula has been updated for reports going forward.

REPUSPX is a pocket index based on the same algorithm as REPUSTARS (Ticker: REPUVAR) but for which eligibility is restricted to constituent members of the S&P500. Unlike REPUSTARS which is calculated and reported by S&P/Dow Jones Indices, REPUSPX is manually calculated and reported by TOPCAP. All indices are informed by reputational value metrics from Steel City Re.

Blog readers interested in correct REPUSPX trailing 12 month returns for each of the 27 reports published this calendar year are invited to contact TOPCAP. Click Here.

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