BROWSE

Value Line Index

What is 'Value Line Index'

A stock index containing approximately 1,675 companies from the NYSE, American Stock Exchange, Nasdaq and over-the-counter market. The Value Line Index has two forms: The Value Line Geometric Composite Index (the original equally-weighted index) and the Value Line Arithmetic Composite Index (an index which mirrors changes if a portfolio held equal amounts of stock.) These indexes are typically published in the Value Line Investment Survey, created by Arnold Bernhard, the founder and CEO of Value Line Inc.

Explaining 'Value Line Index'

The "Value Line" where the index receives its namesake refers to a multiple of cashflow that Bernhard would superimpose over a price chart to normalize the value of different companies.

Value Line is one of the most respected investment research firms. Its performance record has been extremely strong. In fact, the firm's model portfolios have generally beat the market over the long run.


Further Reading


The value line enigma (1965–1978): A case study of performance evaluation issues
www.sciencedirect.com [PDF]
… form of the efficient markets hypothesis.5 Performance evaluation is a current issue in the theory of finance and the … Prices (CRSP) at the University of Chicago.” The &due Line Investment Survey (Weekly Summary of Advihes and Index) lists the Value Line rankings for the …

The effect of value line investment survey rank changes on common stock pricesThe effect of value line investment survey rank changes on common stock prices
www.sciencedirect.com [PDF]
… form of the efficient markets hypothesis.5 Performance evaluation is a current issue in the theory of finance and the … Prices (CRSP) at the University of Chicago.” The &due Line Investment Survey (Weekly Summary of Advihes and Index) lists the Value Line rankings for the …

Hedging performance and basis risk in stock index futuresHedging performance and basis risk in stock index futures
www.jstor.org [PDF]
… form of the efficient markets hypothesis.5 Performance evaluation is a current issue in the theory of finance and the … Prices (CRSP) at the University of Chicago.” The &due Line Investment Survey (Weekly Summary of Advihes and Index) lists the Value Line rankings for the …

The relation between the Value Line enigma and post-earnings-announcement driftThe relation between the Value Line enigma and post-earnings-announcement drift
www.sciencedirect.com [PDF]
… form of the efficient markets hypothesis.5 Performance evaluation is a current issue in the theory of finance and the … Prices (CRSP) at the University of Chicago.” The &due Line Investment Survey (Weekly Summary of Advihes and Index) lists the Value Line rankings for the …

How do mergers create value? A comparison of taxes, market power, and efficiency improvements as explanations for synergiesHow do mergers create value? A comparison of taxes, market power, and efficiency improvements as explanations for synergies
academic.oup.com [PDF]
… form of the efficient markets hypothesis.5 Performance evaluation is a current issue in the theory of finance and the … Prices (CRSP) at the University of Chicago.” The &due Line Investment Survey (Weekly Summary of Advihes and Index) lists the Value Line rankings for the …

Trading cost expectations: Evidence from S&P 500 index replacement stock announcementsTrading cost expectations: Evidence from S&P 500 index replacement stock announcements
link.springer.com [PDF]
… form of the efficient markets hypothesis.5 Performance evaluation is a current issue in the theory of finance and the … Prices (CRSP) at the University of Chicago.” The &due Line Investment Survey (Weekly Summary of Advihes and Index) lists the Value Line rankings for the …

The effect on stock price of inclusion in or exclusion from the S&P 500The effect on stock price of inclusion in or exclusion from the S&P 500
www.tandfonline.com [PDF]
… form of the efficient markets hypothesis.5 Performance evaluation is a current issue in the theory of finance and the … Prices (CRSP) at the University of Chicago.” The &due Line Investment Survey (Weekly Summary of Advihes and Index) lists the Value Line rankings for the …

The pricing of stock index futuresThe pricing of stock index futures
search.proquest.com [PDF]
… form of the efficient markets hypothesis.5 Performance evaluation is a current issue in the theory of finance and the … Prices (CRSP) at the University of Chicago.” The &due Line Investment Survey (Weekly Summary of Advihes and Index) lists the Value Line rankings for the …

Relationship between firm value and financial structure: A study on firms in ISE industrial indexRelationship between firm value and financial structure: A study on firms in ISE industrial index
www.clutejournals.com [PDF]
… form of the efficient markets hypothesis.5 Performance evaluation is a current issue in the theory of finance and the … Prices (CRSP) at the University of Chicago.” The &due Line Investment Survey (Weekly Summary of Advihes and Index) lists the Value Line rankings for the …



Q&A About Value Line Index


How many companies are in the Value Line Composite Index?

There are approximately 1681 companies in the Value Line Composite Index.

What is the Value Line Index?

The Value Line Index contains approximately 1,675 companies from the NYSE, American Stock Exchange, Nasdaq and over-the-counter market.

Who makes decisions about which companies to include in the Value Line Composite Index?

The decision to include or exclude a company from the value line composite index is made by value line.

What does the Value Line Composite Index measure?

The value line composite index measures company performance.

What is the Value Line Composite Index?

The Value Line Composite Index is a market index that measures the performance of companies listed on major exchanges.

Is the Value Line Geometric Composite Index or Arithmetic Composite Index more popular?

The Geometric Composite index is more popular.

What does "Value Line" mean in this context?

It refers to a multiple of cashflow that Bernhard would superimpose over a price chart to normalize the value of different companies.

Which exchanges do companies listed in the value line composite index trade on?

Companies listed on major exchanges such as NYSE, NASDAQ and AMEX trade on these exchanges.

How has Value Line performed historically?

Its performance record has been extremely strong. In fact, its model portfolios have generally beat the market over the long run.