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psintusaichol psintusaichol
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2 years ago
Averages and indexes differ from one another in that an index

▸ is the arithmetic average price behavior of a group of stocks at a given point in time.

▸ measures the current price behavior of a group of stocks in relation to a base value set at an earlier point in time.

▸ is of value in-and-of itself, whereas an average must be compared to a historical figure to have any meaning.

▸ always moves up before a corresponding average moves up, and always moves down before a corresponding average moves down.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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annalassannalass
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2 years ago
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psintusaichol Author
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2 years ago
Thanks
Turboturner
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Yesterday
This helped my grade so much Perfect
KaylenePig
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2 hours ago
Thank you, thank you, thank you!
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