Dow Jones Transportation Average

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Dow Jones Transportation Average

A stock market index founded in 1884 by Charles Dow tracking (usually) 20 companies in the transportation industry. It is a price-weighted index, meaning that stocks with higher prices per share affect the average more. It also scales its averages to account for stock splits and other changes in the companies tracked. It includes stocks in shipping, airlines, trucking, railroads, and similar industries. It is the oldest actively used stock index in the world.

Dow Jones Transportation Average.

The Dow Jones Transportation Average tracks the performance of the stocks of 20 airlines, railroads, and trucking companies. It is one of the components of the Dow Jones 65 Composite Average.

References in periodicals archive ?
A market timing rule which would have worked before 1990 on the DJIA and still worked on the DJTA and DJUA to the end of the study: "Buy at impulse lag day 80 and sell after holding for 40 days".
No similar dampening is seen for the DJTA and DJUA, though perhaps we can expect the DJTA and DJUA to be transformed in the same way in the future.