Value Line Composite Index

The total number of companies in the Value Line Composite Index hovers near 1675, and is composed of the same companies as The Value Line Investment Survey®, excluding closed-end funds. The Value Line Composite Index has two forms, the Value Line Geometric Composite Index or the Value Line Arithmetic Composite Index, as defined below.

All companies in the Value Line Composite Index are publicly listed on one of the major exchanges listed below. The number of companies in the Value Line Composite Index fluctuates based on factors including: the addition or delisting of the companies on the exchanges themselves, mergers, acquisitions, bankruptcies, and the coverage decisions made by Value Line for the Value Line Composite Index. Value Line’s decisions as to which companies to include are undertaken with the intention to create a broad representation of the North American equity market.

Additionally, the number of companies listed on any given exchange may vary, as a company may move from one exchange to another or be added or delisted.

In sum, it is noteworthy to recognize the addition, delisting or movement of companies on the exchanges are not factors in the Value Line Composite Index methodology, regardless, whether the Geometric or Arithmetic calculation is employed.

Exchanges in The Value Line Composite Index are:

  • American Stock Exchange
  • NASDAQ
  • New York Stock Exchange
  • Toronto Stock Exchange

The Value Line Composite Index was launched on the Kansas City Board of Trade(KCBT) in 1982, pioneering the first market index to trade futures market, ushering in a ground-breaking approach to risk management. These futures no longer trade; nevertheless the KCBT still distributes The Value Line Composite Index.


Read more about Value Line Composite Index:  Value Line (Geometric) Average, Value Line (Arithmetic) Average, External Links

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