What is the Value Line index fund?
Investment Objective/Strategy – The First Trust Value Line® Dividend Index Fund is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of the Value Line® Dividend Index.
How do you calculate the value of a line?
This is calculated by dividing the recent price of the stock by the total of the last six months of earnings and the next six months of estimated earnings. The Relative P/E ratio (item 8). This compares the P/E of one stock with the median of estimated P/E ratios of all stocks under Value Line review.
What is Value Line Average?
Value Line (Geometric) Average It is an equally weighted index using a geometric average. Because it is based on a geometric average the daily change is closest to the median stock price change.
What are foreign domiciled stocks?
The Foreign Domiciled Stock Index (FDSI) is a subset of 127 stocks within The Value Line Investment Survey®, which consists of approximately 1,700 stocks ranked for medium-term (6-12 month) price performance, financial strength, and long-term price stability relative to other stocks in the Survey.
How does Yahoo Finance calculate beta?
Since there are many choices within each input, beta values for the same company can be very different. Yahoo! Finance describes that its beta is calculated using the S&P 500 Index and three years of monthly data. It is from this data that the EBAY beta is calculated, and it is mathematically correct.
How many companies are in the Value Line index?
1,681 companies
The Value Line Composite Index tracks approximately 1,681 companies that are traded in four exchanges. The monitored companies are drawn from the NYSE, Toronto Stock Exchange, NASDAQ, and American Stock Exchange.
Is it legal to invest in foreign stocks?
Up to $250,000 can be invested overseas by the Indian residents. As per the RBI notification in the Liberalised Remittance Scheme (LRS), an Indian resident individual can only invest up to $250,000 overseas per year.
Is investing in foreign stocks illegal?
It is generally against the law for a broker, foreign or domestic, to contact a U.S. investor and solicit an investment unless the broker is registered with the SEC.
Who uses Value Line?
Investors rely on Value Line for a vast array of financial measures for over 6,000 stocks, 18,000 mutual funds, 200,000 options, and other securities.
Why are companies included in the value line 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.
How is the value line composite index calculated?
It is an equally weighted index using a geometric average. The daily price change of the Value Line Geometric Composite Index is found by multiplying the ratio of each stock’s closing price to its previous closing price and raising that result to the reciprocal of the total number of stocks. 3
Who is the creator of the value line index?
These indexes are typically published in the Value Line Investment Survey, created by Arnold Bernhard, the founder, and CEO of Value Line Inc. 2 3 There are two forms to the index—the Value Line Geometric Composite Index and the Value Line Arithmetic Composite Index.
Is the index quoted in real time or delayed?
Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Source: FactSet Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m.