What is the current substitute for the Value Line Composite Index?
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.
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 is Value Line geometric?
Value Line Geometric Industrial Index
An equally weighted price index of all stocks in The Value Line Investment Survey, except for utilities and rails. Geometric refers to the averaging technique used to compute the average. See Geometric Average.
How do you calculate the value of a line?
Value Line calculates the ratio by dividing the recent price of a stock by the sum of the past 6-month’s earnings per share and Value Line’s estimate of the next six month’s estimated earnings per share. Value Line believes that the use of both past and future earnings provides the most realistic picture possible.
Does Value Line have an ETF?
Value Line, Inc. is a company in the U.S. stock market and it is a holding in 19 U.S.-traded ETFs. VALU has around 66.1K shares in the U.S. ETF market.
How many companies are in the Value Line Index?
1,681 companies
The Value Line Composite Index comprises 1,681 companies. The number fluctuates from time to time. Companies included in the Value Line Composite Index are publicly listed companies in four main exchanges – the NYSE, American Stock Exchange, NASDAQ, and Toronto Stock Exchange.
Is Value Line index narrow based?
The Value Line Index is an equal-weighted, broad-based stock index that calculates the value of roughly 1,700 stocks listed on the American Stock Exchange (AMEX), the New York Stock Exchange (NYSE), the NASDAQ, and the over-the-counter market.
What is the technical rank in a value line?
The Value Line Technical Rank is designed to predict stock price movements over a three to six month time period. In each case, stocks are ranked from 1 to 5, with 1 being the highest ranking. Further, it is based on price movement factors, and should be considered in conjunction with the Timeliness rank.
Is Value Line any good?
Is Value Line Considered to be Good? While “good” is a very subjective measure, Value Line is a very respected research firm with an extremely strong performance record. Some of Value Line’s suggested portfolios have been able to beat the market, even in the long run.
Is FVD a good investment?
FVD is a good instrument for passive dividend investing. It has outperformed a number of other dividend equity ETFs (not detailed in this article). It doesn’t outperform the benchmark SPY since inception, but it has a slightly lower volatility. It is well diversified with 180+ holdings in almost all sectors.
Is FVD a good ETF?
FVD is a high-fee dividend ETF with an even higher tracking error and hasn’t meaningfully outperformed the S&P 500 since the Great Financial Crisis. It just doesn’t make sense to recommend this fund as a long-term hold and pay these fees.
Does FVD pay a dividend?
First Trust Value Line Dividend Index Fund (FVD)
The dividend is paid every three months and the last ex-dividend date was Mar 25, 2022.