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2016_10_21-d20-versus-dow-absolute-change

D20 Ekes Out Small Gain, as One Company Abruptly Shuts Down

Eleven gainers and nine losers allowed the Driverless Transportation Weekly Stock Index (D20) to eke out a small gain this week.  The D20 inched up 0.81 points to close at 157.22.  Its 0.5-percent gain this week compared favorably to the S&P 500’s 0.4-percent bump and the Dow, which remained virtually unchanged.

Valeo (VLEEY), the leading D20 price percentage gainer for the week, and privately held startup Wheego, were issued California state permits for self-driving vehicle testing.  That brings the total number of permits that California has issued to 17. Valeo, a global auto parts manufacturer headquartered in France, gained 2.75 percent this week to close at $29.18.

Magma International (MGA) was the D20’s leading price percentage loser this week.  The Canadian auto body parts and interiors manufacturer’s price fell 4.23 percent, to close just over $40 a share at $40.26.  Several large asset management companies announced they were lowering their stake in Magma, driving its price down.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

 

Up-and-Comers:

Evercar, which rented out electric and hybrid vehicles for ride-hailing services, has abruptly shut down.  Broadcasting the news over social media and their web site, “unforeseen circumstances” was listed as the reason they could not continue operations in the near term.  Most rumors that are circulating speculate that the shutdown was funding-related.

bmw-self-balancing-motorcycle

News Roundup: A Semi-Autonomous Motorcycle, Driverless Cars Hit Public Roads in England, and More

Jennifer van der Kleut

A roundup of some of the most interesting news to come out of the driverless, connected-car world this week:

BMW says helmets won’t be needed with their self-balancing motorcycle

While most of the world is focused on semi-autonomous features that can make cars safer, BMW has been quietly focusing on a semi-autonomous motorcycle. This week, the auto manufacturer unveiled its design for the Vision Next 100 bike, with features like semi-autonomous steering and self-balancing wheels. Instead of a helmet, the bike will come with a visor that has an internal display super-imposed over the road and surrounding environment. The bike’s connected-vehicle system will give alerts about obstacles and risks on that display. BMW says the self-balancing wheels are so effective, a rider won’t even need to put their feet down on the ground when they stop, and it will be so hard to crash the bike, traditional helmets and padded, protective clothing won’t be necessary. Read more about the Vision Next 100 on CNNMoney.

Driverless cars tested on UK public roads for the first time

As Britain keeps moving toward its goal of having driverless cars on the road by 2020, a test car hit the public streets of Milton Keynes for the first time on Tuesday. Traveling at about 5 km per hour, the small two-seater driverless pod car navigated the streets of the largely pedestrianized southern town, stopping for people that crossed in front of it and safely turning corners. The pod car, heavily adapted from a compact Renault car, was developed by the Oxford University spin-out Oxbotica. Read more about the driverless car’s first public trip from Reuters.

Lots of driverless news out of California this week

According to news outlets like Ars Technica, Wall Street Journal and Elektrek, things are really heating up in California, where the number of companies that have been issued permits to test autonomous vehicles has just climbed to 17, up by three just since the end of summer. The two newest permits were issued to Wheego, an electric vehicle powertrain engineering company, and Valeo, a familiar name in the industry as a longtime tier-one automotive supplier. Also recently, Chinese tech firm Baidu received a testing permit. In other California news, Elektrek was one of the first to spot prototypes of Google’s long-awaited self-driving Chrysler Pacific mini-vans in Mountain View last weekend, and published a few somewhat grainy photos. Read more recent industry news from Ars Technica.

Image: Vision Next 100 semi-autonomous motorcycle prototype, by BMW.

2016_07_29-D20-versus-Dow-SnP-weekly-percentage-change-since-08_28_2015

Blackberry’s Double-Digit Gain Drives D20

Led by Blackberry’s (BBRY) and Valeo’s (VLEEY) double-digit percentage gains, the Driverless Transportation (D20) Weekly Stock Index jumped nearly 3 percent, closing the week at 155.17. That’s three weeks in a row the D20 has soundly beat the Dow Industrials and the S&P 500. Both the major indexes had down weeks.

Blackberry’s stock price jumped 10.5 percent on news that it released its second Android-based phone called the DTEK50. Although many in the market continue to plead with Blackberry to get out of the phone handset market, the DTEK50 is actually a step in the right direction. The DTEK50 was designed by Blackberry but it’s the first phone that Blackberry had manufactured by someone else.

One piece of bad news for Blackberry, Apple has hired the former head of Blackberry’s automotive software group and the founder of QNX for its driverless car project. What is this going to mean for Blackberry’s QNX, one of the leaders in the Automotive Operating System Market?

The D20 price loser last week was Ford (F), dropping $1.18, or 8.5 percent, to close the week at $12.66. Ford’s drop was driven by a 3 percent decline in Q2 earnings, a drop unexpected by market analysts.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up and Comers:

Fleet productivity firm Automile raised $6.2 million in a funding round led by Jason Lemkin’s SaaStr Fund. Automile calls itself an IoT company that uses the cloud to help fleets lower fuel consumption, track mileage and increase productivity. Lemkin may be best known for founding electronic signature house EchoSign.

2016_05_20-D20-Weekly-Stock-Index

Nvidia Does it Again, Sends D20 Higher

With 11 gainers and nine losers, the Driverless Transportation (D20) Stock Index edged up 0.9 percent last week to 145.10, beating the Dow and S&P 500 once again. The Dow dropped 34.4 points to close at 17500.94 while the S&P 500 crept up 5.7 points to finish Friday at 2052.32.

For the second consecutive week, Nvidia (NVDA), a leading maker of Graphic Processing Units or Chips, led all D20 stocks with an 8.2 percent price jump. Nvidia’s latest consumer product, the GTX 1080, sold out within minutes of its availability on Amazon.

Electric vehicle OEM Tesla (TSLA) also had a strong week, with its stock price jumping $12.67, or 6.1 percent, to close at $220.28. Tesla continues to enjoy favorable press about advanced orders on its newly announced Model 3. Valeo (VLEEY), the French auto parts maker, was the D20’s biggest loser, dropping $4.96, or 6.3 percent, to end the week at $73.76.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

2016_04_01-D20-Index-Dow-SnP-52-weeks-weekly-percentage-change

Nvidia Drives D20 Stocks Up as GPU Tech Starts

With 12 gainers, seven losers and one stock unchanged in price, the Driverless Transportation (D20) Stock Index rose 1.2 percent and closed the week at 147.85, not quite keeping pace with the Dow’s 1.6 percent rise or the S&P 500’s 1.8 percent upward move.

Valeo SA (VLEEY) was the D20’s biggest gainer last week, moving up $3.88 to $76.81, a gain of 5.3 percent.

With a price near its 52-week peak, Nvidia (NVDA) gained $1.67, or 4.8 percent, to $36.15. Nvidia is up close to 70 percent the past year as it executes well in its core market of PC gaming. Analysts say it must show that same strength in its declared growth markets of autos and data centers to keep up this lofty price. Nvidia’s GPU Tech Conference runs this week in San Jose, making the influential producer of graphics processing units the center of the tech world for a few days.

Weighing the D20 down this week were Renesas Electronics (TYO:6732), which closed at ¥702, a 5.8 percent weekly loss, and Volkswagen (VLKPY) which lost $1.14 to close at $24.59, a 4.4 percent drop. At one point rumor had it Volkswagen would cut its dividend to help it pay for costs arising from its emissions scandal.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

D20-weekly-2016_02_19

NVIDIA Leads D20 Rebound

With 19 gainers and only one loser, the Driverless Transportation (D20) Stock Index rebounded strongly last week, moving up nearly 9 points, or 6.9 percent, to finish at 131.86. The Dow and S&P recovered nicely as well. The Dow increased 418.15 points, or 2.6 percent, while the S&P moved up to 1917.78 by adding 2.8 percent.

Five of the 19 gainers rose more than 10 percent last week. NVIDIA (NVDA) led the list with an 18.3 percent rise, followed by Valeo (VLEEY) at 17.1 percent, Mobileye (MBLY) at 14.7 percent, BYD Company (BYDDY) at 13.4 percent, and Tesla (TSLA) at 10.3 percent.

The D20’s lone loser this week was Nissan (NSANY), with a drop of 1 percent to $16.90.

The D20 was adjusted last week to account for the lack of trading in VOLVO AB’s ADR (VOLVY). VOLVY was replaced by an equal value of Volvo AB’s B-series Common (STO:VOLV-B) stock that is traded in Swedish Kroner on the Stockholm exchange. This swap will allow the D20 to continue to have the Swedish truck maker represented in the index with a liquid stock.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Sightstream-16b

Valeo’s Intuitive Driving = Autonomous Driving + Connected Car + HMI: a Q&A with Amine Taleb

Editor’s note: This is another in DT’s series of Q&As with leaders in the automated, connected, and driverless vehicle industry.

ATalebMug1Dr. Amine Taleb is the manager of advanced projects for Valeo’s Comfort and Driving Assistance (CDA) Business Group in North America, where he leads the advanced engineering in Advanced Driver Assistance Systems (ADAS) applications. He has more than 20 years’ experience in advanced technologies with technical expertise in the opto-electronic field. Dr. Taleb graduated from the University of Michigan with a doctorate in Physical Chemistry.  

 Valeo is an automotive supplier dedicated to the reduction of CO2 emissions and to the development of intuitive driving. In 2014, the company generated sales of $16.7 billion. It has 133 production sites, 50 research and development centers and 15 distribution platforms in 29 countries.

Sustainability is a major goal for Valeo. How do you incorporate sustainability in your development of autonomous technology?

Research and development plays a fundamental role in such a goal, by innovating in areas that lead to greener and more efficient mobility. This is why Valeo is focusing its efforts on developing solutions for the reduction of CO2 emissions and pioneering “Intuitive Driving,” which includes autonomous driving as one of its three pillars. The two other pillars are connected car and advanced human-machine interface (HMI). To accomplish this, recruiting the best talent and building a solid expertise foundation are key. In addition, listening to the consumer and partnering with technology leaders, who share common principles, are key towards these goals.

SightstreamCarAValeo in December purchased the German firm peiker, known for its expertise in mobile communications technology. How will this help Valeo as countries build V2V and V2I communications?

The acquisition of peiker is another step on our journey towards the connected car. Peiker is a market leader in automotive telematics connectivity solutions, and coupled with our on-board electronic know-how, it will help us develop innovative vehicle connectivity and telematics solutions. One of the examples in connectivity is V2X, which is gaining more and more traction worldwide, with the U.S. leading the V2V efforts for safety applications. We see V2X as a key element towards the connected and automated car, and also towards smarter mobility. This is very much in line with our vision of Intuitive Driving.

In November you partnered with Capgemini to offer mobility for corporate fleets and car rental firms. Where is this available? How does it work?

Valeo InBlue technology is a vehicle smart-key access system using smartphone technology. One feature is secure virtual key sharing suited for various car-sharing models. Capgemini has an expertise in digital solutions and IT integration that will enable the development of customizable mobility solutions with applications for corporate fleets and car rental.

The InBlue mobility solution will be tested out on a smaller scale with Parcours, a French leasing services company. InBlue is packed with an extensive suite of tools such as vehicle access and start, geo-localization, remote vehicle data access, etc., which will benefit end-users and fleet administrators.

You showcased a number of forward-thinking products at CES 2016. Your Sightstream camera system is designed to replace rear view mirrors. How does Sightstream work? Can this be sold in the U.S. where vehicles must have rear view mirrors? What clients are using the technology?

Sightstream7smallThe Valeo Sightstream camera system relies on the combination of high resolution camera and display to fulfill, to a minimum, the visibility requirements of conventional exterior mirrors. The exterior mounted camera projects the captured rear view scene onto the display located in the interior of the car. Innovations that improve vehicle aerodynamics are one of the keys to achieving the U.S. regulatory fuel efficiency target of 54.5 mpg by 2025. Sightstream enables automakers to improve aerodynamic drag by five percent which improves overall vehicle fuel economy.

Compared to conventional exterior mirrors, Sightstream also provides an enhanced visibility based on its wider field of view, which can potentially lead to the elimination of the blind spot. Other advantages are improved visibility in daytime, nighttime, and even in adverse weather driving. This technology may also increase driver situational awareness when other advanced safety sensors are added.

Rearview mirrors are federally regulated safety devices so any updates to the standards are necessary to allow such technology on the road. The Sightstream camera system utilizes mature technologies already in production. Because of the benefits I have highlighted, and with the maturity of these key components, it is just a matter of time before we would see camera monitoring systems in production cars, potentially as early as 2017 in Europe.

Cruise4U manages steering, accelerating and braking, and it allows drivers to switch between manual and autonomous control. What clients are using this, and when will it be available?

Valeo Cruise4U is a demonstration vehicle that highlights the simple integration of two unique ADAS sensors, namely front camera and Scala laser scanner, which are key building blocks for the sensor fusion architecture of Level 2 and higher automated driving. Both of these sensors are production intent technologies with the Scala to be launched by a major OEM in early 2017. While I am not at liberty to discuss details of any ongoing collaboration we might have with any carmaker, we are a key partner to major OEMs in the development of automated parking and automated driving solutions.

Scala was developed with Ibeo, Mobileye, and IAV. What is Valeo’s approach to partnering with other tech providers?

The Valeo Scala laser scanner provides unique features such as its wide field of view, detection range, high precision in object detection and tracking while driving up to highway speeds. Also, objects in its field of view, moving or not, are classified, thus enabling a precise path planning and maneuver.

The Scala was developed for automotive high-volume OEM applications through our exclusive partnership with Ibeo, a leader in high-tech laser scanner technology for automotive applications. In addition, the front camera, such as the one used on Cruise4U, will take advantage of Mobileye’s EyeQ chip vision technology.

By partnering with IAV, an engineering firm and vehicle integrator, we were able to integrate these advanced sensors in our Cruise4U.

In a very fast moving market, strategic partnerships with world leading companies are essential to effectively build up cutting edge capabilities necessary for autonomous driving technologies.

Your Mobius 2 product also allows for switching from manual to autonomous driving. With Mobius 2 the driver can interact with their tablet or smartphone while in autonomous mode. Is the world ready for this much distraction?

WebviewA-smallOne of the benefits of automated driving is not only to provide safe driving, but also to eliminate the driving boredom of being stuck in a slow-moving traffic or mundane long distance highway driving. Mobius enhances the user experience, while keeping safety in mind. By mirroring the smart device to the instrument cluster during autopilot mode, the driver is able to interact with it using the reconfigurable steering wheel switches. That ensures the driver’s eyes are in the direction of the road and his hands are in proximity of the steering wheel. That allows for a very quick takeover, if requested by the vehicle. That is important, particularly for Level 3 automation.

The Valeo Mobius was tested on a simulator at the Fraunhofer Institute in Germany. Test drivers’ takeover time was measured while interacting with the smart device via the Mobius, versus holding the smart device in their hands while the car was in autopilot. The results have clearly shown that takeover via the Mobius was 500 milliseconds faster than when holding the device in their hands. This could mean life or death at highway speed.

Mobius 2 has a camera monitoring the driver for signs of distraction and fatigue. Has there been pushback from clients/consumers on technology that watches the driver?

WebViewC-smallThe Mobius cockpit concept was subjected to tests by more than 60 end-users during worldwide clinics last year. We have not heard or felt pushback by any of them for having the camera monitoring their distraction or signs of fatigue. On the contrary, and especially in the takeover transition phase from automated to manual, end-users expected to be monitored and validated as capable to take back control of the car. The benefit seen by the driver exceeded the perceived annoyance of being monitored. In our findings, driver monitoring was found to be necessary for the increased trust in automated driving.

Moreover, if we focus on safety benefits of a driver-monitoring camera, in addition to other types of monitoring sensors such as steering wheel sensing in the Mobius, I believe these have an enormous advantage in protecting the driver from being distracted by smartphone and tablet usage while driving in manual mode. Every car should be equipped with such technologies to ensure the “eyes on the road” and “hands on the wheel,” and deter the crashes and fatalities caused by such distractions.

How do you break down doors at auto OEMs that aren’t using your driverless technology?

With our global footprint, and innovation in our DNA, our goal is to be partners with all the major OEMs, as well as emerging ones, in accomplishing autonomous driving. While each OEM might have different strategy towards automated driving, our innovation roadmap allows us to adapt our functions and products for each customer. The Scala is a good example of our strategy as it is the first automotive-grade laser scanner, soon to be on the market for automated driving.

To summarize, the car of tomorrow should be safer, cleaner, and more intelligent, and driving should be more fun and enjoyable. That’s our Intuitive Driving approach.

Thanks Amine.

D20 Stock Index week ending October 23, 2015

GM Takes D20 Over 160

Driverless Transportation

The Driverless Transportation (D20) Stock Index broke the 160 barrier for the first time ever, finishing at 160.77 last week. For the fourth consecutive week, the D20’s 2.9 percent gain outpaced the 2.5 percent gain in the Dow Jones Industrials and the 2.1 percent rise in the S&P 500 Index. The D20 saw 17 stocks finishing higher while three declined.

This week’s largest loser was Tesla (TSLA) down 7.9 percent on news that Consumer Reports held back its rating on the Model S owing to reliability concerns. Tesla finished the week at $209.09, its lowest point since mid-April 2015. On the driverless front, Tesla announced the release of its Autopilot update for the Model S. The reviews of the software update for existing cars are mostly positive, but some users have complained that the Model S takes turns too fast in Autopilot mode.

D20 Stock Index versus Dow Jones Index versus S&P weekly change ending week of October 23, 2015On the bright side, General Motors (GM) posted its fourth consecutive weekly gain by adding 8.5 percent and ending the week at $35.95 a share. Most of the jump was due to GM’s surprisingly positive third-quarter earnings announcement. GM has adopted a quiet but aggressive plan to develop “self-driving” cars.

Other D20 stocks that put in strong showings last week were Alphabet (GOOG) up 6.0 percent, Continental (CTTAY) up 6.9 percent, Magna (MGA) up 6.0 percent, and Valeo (VLEEY) up 6.2 percent.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks

D20Sept11b

Growing Driverless Stock Index (D20) Reflects Dynamic Industry

Driverless Transportation

We have some exciting changes in the Driverless Transportation D20 Index to announce. First off, we are replacing three companies in the index and making the D20 more international in scope. We also changed the basis for our calculation of the D20 Index, moving to a dollar averaged approach.

The three new stocks in the D20 are:

  1.  Amsterdam-based TomTom (TOM2) is traded on the Amsterdam Stock Exchange. It replaces Nokia (NOK) which is selling its Here mapping division, its only business involved in driverless or connected vehicles. TomTom, known for its popular aftermarket GPS turn-by-turn directional devices for cars, has three units that are involved with driverless technology – the auto unit provides components such as maps, traffic and software to auto OEMs; the licensing group leverages maps, traffic and navigation content and services; and the telematics unit is dedicated to fleet management and vehicle telematics.
  2. Ontario, Canada-based Magna International (MGA) is traded on the NYSE. It replaces the lightly-traded KVH Inc. (KVHI), a business that primarily delivers ISP services for hotels, resorts and ships. Magna has a large and growing electronics division which focuses on driver assistance systems, as well as systems to support power-train electrification. It manufactures electronic, electromechanical and mechatronic products, and provides software and hardware development.
  3. Tokyo-based Renesas Electronics (TYO: 6723) trades on the Tokyo Stock Exchange. It replaces Iteris (ITI), a lightly-traded firm that provides intelligent transportation systems for municipalities. Renesas was formed through a merger of NEC Electronics Corp., and Renesas Technology Corp., (a joint venture of Hitachi and Mitsubishi Electric). Renesas Electronics is a semiconductor manufacturer that designs, develops, manufactures, sells and services microcontrollers for the automotive industry.

The D20 Index now has companies — TomTom in Amsterdam and Renesas in Tokyo — with stocks that are primarily listed on non-US exchanges and use foreign currencies for prices. To calculate the D20 and include these stocks we convert the non-US stock prices (Euros and Japanese Yen) to US dollars using a current conversion ratio. The values were: Euro – currently 1.136 dollars per Euro; and Japanese Yen – currently .00829 dollars per Yen.

CALCULATING THE INDEX

We have changed the basis for calculating the D20 Index. Previously, the value of the D20 was calculated by using one share of stock from each of the 20 stocks in the index. With the new dollar-averaged approach we track the value of $1,000 invested in each of the 20 stocks. And on August 28, 2015 we started with roughly a total of $20,000 invested equally in the 20 stocks ($1,000 per company) in the D20 Index.

 

Name

 

Symbol

(As of 8/28/2015)
Share Price Shares Currency Conversion Value
BlackBerry Ltd BBRY $             7.37 135.690 1.000 $           1,000
BYD COMPANY LTD ADR BYDDY $             8.44 118.480 1.000 $           1,000
Continental AG (ADR) CTTAY $           42.86 23.330 1.000 $           1,000
Daimler AG (USA) DDAIF $           80.70 12.390 1.000 $           1,000
Delphi Automotive PLC DLPH $           75.35 13.270 1.000 $           1,000
Denso Corp (ADR) DNZOY $           22.69 44.070 1.000 $           1,000
Ford Motor Company F $           13.73 72.830 1.000 $           1,000
General Motors Company GM $           29.01 34.470 1.000 $           1,000
Google Inc GOOG $       630.38 1.586 1.000 $           1,000
Magna MGA $           49.23 20.313 1.000 $           1,000
Mobileye NV Amsterdam MBLY $           56.42 17.724 1.000 $           1,000
Nissan Motor Co., Ltd. (ADR) NSANY $           18.31 54.620 1.000 $           1,000
NVIDIA Corporation NVDA $           22.73 43.990 1.000 $           1,000
Tesla Motors Inc TSLA $       248.48 4.025 1.000 $           1,000
TomTom TOM2 €             8.97 100.010 1.115 $           1,000
Visteon Corp VC $       100.49 9.950 1.000 $           1,000
VALEO SA (ADR) VLEEF $           63.66 15.710 1.000 $           1,000
Volkswagen AG (ADR) VLKPY $           38.32 26.100 1.000 $           1,000
Volvo AB (ADR) VOLVY $           10.94 91.410 1.000 $           1,000
Renesas TYO:6732 ¥       708.00 168.008 0.00841 $           1,000

Why the change? We found that with the one-share approach the stocks with the highest prices, i.e., Google, trading over $600, and Tesla, over $250, could swing the D20 wildly with just a small change in their pricing. The dollar-average approach means each company in the D20 now makes up about five percent of the index’s underlying value.

Why didn’t the D20 Index change radically when we switched the basis? We have always used a divisor with the D20 Index, and it started as 10.0. That meant we added up all the stock prices at the close of the trading day and divided by 10. To switch to the new dollar-average approach we changed the divisor so the new D2’s underlying value would be the same as the old D2. So on August 28, 2015 we used the closing stock prices to find the value of each of the two D20s, then adjusted the divisor for the dollar-averaged D20 so it had the same value as the old D20. The new divisor is 134.27296.

On September 4 we switched over to the revised D20 Index with the three new stocks and the new divisor.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

D20 Stock Index vs Dow Jones

Google Props Up Drifting Driverless Stock Index

Driverless Transportation

Propped up by Google (GOOG), the Driverless Transportation (D20) Stock Index gained 0.3 percent last week to finish up 0.47 points at 153.73. Buoyed by the Alphabet announcement, Google added $21.82 and its stock closed at $657.12 on Friday. Without Google’s rise, the D20 Index would have lost 1.71 points, or 1.1 percent. Google’s 3.4 percent gain was tops in the D20 which saw 12 losers and eight gainers last week. The Dow Jones Industrial Average, with a 0.6 percent gain, and the S&P 500, with a 0.7 percent gain, outperformed the D20.

The recent devaluation in the Chinese currency, the Yuan, has hurt the lucrative Chinese market for the luxury German automakers. Daimler (DDAIF), owner of the Mercedes-Benz brand, lost 6.3 percent of its value and finished the week down $5.79 to $86.21. Volkswagen (VLKPY), owner of the prestigious Audi brand, lost $1.60, or 3.9 percent, to end the week at $39.94. The French parts maker Valeo SA (VLEEY) also seemed to be affected by the devaluation. Its ADR shares lost 6.7 percent of their value to close the week at $65.30. Further devaluations of the Yuan could rattle the larger markets and negatively affect the D20 Index.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.