Value Line Composite Index
Encyclopedia
The Value Line Composite Index is composed 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:
The Value Line Composite Index has been traded on the futures market
at the Kansas City Board of Trade
since 1982.
. 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 number of stocks tracked.
Value Line
Value Line is an independent investment research and financial publishing firm based in New York, New York, USA, founded in 1931 by Arnold Bernhard. Value Line is best known for publishing The Value Line Investment Survey, a stock analysis newsletter that is updated weekly and kept by subscribers...
Investment Survey.
There are currently 1,626 companies included in the index that are publicly listed
Public company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
on the following exchanges:
- American Stock ExchangeAmerican Stock ExchangeNYSE Amex Equities, formerly known as the American Stock Exchange is an American stock exchange situated in New York. AMEX was a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. On January 17, 2008, NYSE Euronext announced it would acquire the...
- 8 companies - NASDAQNASDAQThe NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
- 511 companies - New York Stock ExchangeNew York Stock ExchangeThe New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
- 1,087 companies - Toronto Stock ExchangeToronto Stock ExchangeToronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
- 20 companies
The Value Line Composite Index has been traded on the futures market
Futures exchange
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. These types of...
at the Kansas City Board of Trade
Kansas City Board of Trade
The Kansas City Board of Trade , is an American commodity futures and options exchange regulated by the Commodity Futures Trading Commission...
since 1982.
Value Line (Geometric) Average
The original index was released on June 30, 1961 and was an equally weighted index using a geometric averageGeometric mean
The geometric mean, in mathematics, is a type of mean or average, which indicates the central tendency or typical value of a set of numbers. It is similar to the arithmetic mean, except that the numbers are multiplied and then the nth root of the resulting product is taken.For instance, the...
. 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 number of stocks tracked.