Value Line (Arithmetic) Average
The Value Line Arithmetic Composite Index was established on February 1, 1988, using the arithmetic mean to more closely mimic the change in the index if you held a portfolio of stocks in equal amounts. The daily price change of the Value Line Arithmetic Composite Index is calculated by adding the daily percent change of all the stocks, and then dividing by the total number of stocks.
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Famous quotes containing the words line and/or average:
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—Raoul Walsh, U.S. screenwriter. Frisco Doll (Mae West)
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—Thomas Carlyle (1795–1881)