Value Line Arithmetic Average

A benchmark (index) that delivers more emphasis on a distribution of slower (large) and faster-growing (small) companies.

Value Line calculates a composite index using the arithmetic mean for the stocks covered in the Value Line Investment Survey standard edition. At MANIFEST, we think of this stock market index as being more representative of an all-of-the-above collection of small, medium and large companies ... naturally a collection distributed among faster and slower growing companies -- the heart of our growth diversification objectives. Using finance.yahoo.com the ticker symbol for this index is ^VAY.