Value Line Index

An equal-weighted stock index containing 1,700 companies from the NYSE, American Stock Exchange, Nasdaq and over-the-counter market.

Also known as the "Value Line Investment Survey".

Investopedia Says:
As this is an equal-weighted index, each of the 1,700 stocks are assigned identical weights in the calculation.

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.

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Investment advisory service that ranks about 1,700 stocks for "timeliness" and safety. Using a computerized model based on earnings momentum, Value Line projects which stocks will have the best or worst relative price performance over the next 6 to 12 months. In addition, each stock is assigned a risk rating, which identifies the Volatility of a stock's price behavior relative to the market average. The service also ranks all major industry groups for timeliness. Value Line's ranking system for both timeliness and safety of an individual stock is as follows:

1-highest rank

2-above average rank

3-average rank

4-below average rank

5-lowest rank

The weekly writeups of companies that Value Line subscribers receive include detailed financial information about a company, as well as such data as corporate Insider buying and selling decisions and the percentage of a company's shares held by institutions.

Value Line offers several specialized financial surveys. The Value Line Convertibles Survey is a subscription service that evaluates convertible securities. The Value Line Mutual Fund Survey offers details on fund holdings and performance and ranks funds on expected returns. Value Line also sponsors its own family of mutual funds. Value Line also produces several stock indices and averages, the most important of which is the Value Line Composite Average, which tracks the stocks followed by the Value Line Investment Survey.