Broadening Top for U.S. Stocks (VALUG)
One valuable yet overlooked, a tool for gaining insight into the market is the Value Line Geometric Index (VALUG).
VALUG index contains a mix of roughly 1,700 stocks from the major North American market indexes.
It is equal-weighted, uses a geometric average, and has a daily change closest to the median stock price change.
VALUG uses an arithmetic mean, with the daily change in the index reflecting a portfolio consisting of stocks in equal amounts.
VALUG has a broadening top formation.
VALUG index contains a mix of roughly 1,700 stocks from the major North American market indexes.
It is equal-weighted, uses a geometric average, and has a daily change closest to the median stock price change.
VALUG uses an arithmetic mean, with the daily change in the index reflecting a portfolio consisting of stocks in equal amounts.
VALUG has a broadening top formation.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.