Value Line Composite Index
- Value Line Composite Index
The Value Line Composite Index is comprised of all of the companies that are included in the Value Line Investment Survey.
There are currently 1,626 companies included in the index that are publicly listed on the following exchanges [ [http://www.kcbt.com/vl_stock_list.html Kansas City Board of Trade's list of companies covered by the Index] ] :
* American Stock Exchange - 8 companies
* NASDAQ - 511 companies
* New York Stock Exchange - 1,087 companies
* Toronto Stock Exchange - 20 companies
The Value Line Composite Index has been traded on the futures market at the Kansas City Board of Trade since 1982.
Value Line (Geometric) Average
The original index was released on June 30, 1961 and was an equally weighted index using a geometric average [ [http://www.valueline.com/news/vlv050311.html Article by Value Line comparing the two index methods] ] . Because it is based on a geometric average the daily change is closest to the median stock price change. The daily change of the geometric index is found by multiplying the ratio of each stock's closing price to its previous close and raising that result to the reciprocal of the numbert of stocks tracked.
Value Line (Arithmetic) Average
Starting on February 1, 1988 Value Line began calculating the composite index using the arithmetic mean to more closely mimic the change in the index if you held a basket of stocks in equal amounts. This version of the index is calculated by adding the percent change of all of the stocks and then dividing by the total number of stocks.
* [http://finance.yahoo.com/q?s=%5EVAY Value Line Arithmetic Index Current and Historical Prices]
* [http://finance.yahoo.com/q?s=%5EVLIC Value Line Geometric Index Current and Historical Prices]
Look at other dictionaries:
index — 1. [NA] SYN: i. finger. 2. A guide, standard, indicator, symbol, or number denoting the relation in respect to size, capacity, or function, of one part or thing to another. SEE ALSO: quotient, r … Medical dictionary
Index (search engine) — Search engine indexing collects, parses, and stores data to facilitate fast and accurate information retrieval. Index design incorporates interdisciplinary concepts from linguistics, cognitive psychology, mathematics, informatics, physics, and… … Wikipedia
Nasdaq Composite — Stammdaten Staat Vereinigte Staaten Börse NASDAQ ISIN XC0009694271 WKN … Deutsch Wikipedia
Nasdaq Composite — The Nasdaq Composite is a stock market index of the common stocks and similar securities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly… … Wikipedia
NYSE Composite — The NYSE Composite (NYSE: NYA) is a stock market index covering all common stock listed on the New York Stock Exchange, including American Depositary Receipts, Real Estate Investment Trusts, tracking stocks, and foreign listings. Over 2,000… … Wikipedia
Dow Jones Index — Der DJIA seit 26. Mai 1896 (lineare Version) Der DJIA seit 26. Mai 1896 (logarithmische Version) Der Dow Jones Industrial Average (DJIA) – oder in Eur … Deutsch Wikipedia
Broad-Based Index — An index designed to reflect the movement of the entire market. The smallest broad based index is the Dow Jones Industrial Average with 30 industrial stocks and the largest is the Wilshire 5000 Total Market Index. Other examples include the S P… … Investment dictionary
Negative index metamaterials — A negative index metamaterial causes light to refract, or bend, differently than in more common positive refractive index materials. Negative index metamaterials or negative index materials (NIM) are artificial structures where the refractive… … Wikipedia
Capitalization-weighted index — A capitalization weighted index is an index whose components are weighted according to the total market value of their outstanding shares. Also called a market value weighted index. The impact of a component s price change is proportional to the… … Wikipedia
Negative volume index — Nearly 75 years have passed since Paul L. Dysart, Jr. invented the Negative Volume Index and Positive Volume Index indicators. The indicators remain useful to identify primary market trends and reversals. In 1936, Paul L. Dysart, Jr. began… … Wikipedia