The Dow Jones industrial average, a price-weighted
index, tracks the share prices of 30 large U.
index tracks the stock performance of 50 of the largest publicly traded companies headquartered in the San Fernando, Conejo, Simi, Santa Clarita and Antelope valleys.
The index is price-weighted
, or calculated in the same manner as the Dow Jones Industrial Average, the world's most widely followed stock index.
In a price-weighted
index, a higher-priced stock will have greater sway than a cheaper equity.
The Dow is a price-weighted
average of blue chip stocks of companies that have a long record of profit growth and dividend payment.
Intel's sharp decline did not affect the Dow as much as the Nasdaq, since the Dow is a price-weighted
average, while the Nasdaq is a market-cap weighted average.
The new index, The Global Crown Capital Nanotechnology Index(TM), is a price-weighted
index currently composed of nineteen pure play nanotechnology stocks that represent the emerging nanotechnology industry.
The Global Crown Capital Nanotechnology Index(TM) is a price-weighted
index currently composed of nineteen pure nanotechnology stocks.
The Dow Jones Industrials Average is a price-weighted
index comprised of only thirty stocks familiar to nearly all American equity investors.
The KBW Insurance Index (KIX), which was previously price-weighted
, will also be recalculated to a modified market-cap weighting in order to insure consistency with the rest of the KBW family of indices.
KIX(SM) is a price-weighted
index composed of 24 leading insurance companies active in the U.
These factors contribute to an increased level of exposure for Smith to the price-weighted
index versus other OSX companies.