Dow Jones Industrial Average: Difference between revisions
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It measures price-weighted average of stock prices (higher stocks weigh more). This has little to do with actual market volume, as it does not consider the amounts sold. So it's only a relative measure of a trend. | |||
For example, study the value from 1980 over 40 years as it moves from 1000 [https://www.google.com/search?q=dow+jones&oq=dow+jones&aqs=chrome..69i57j69i60l3.1383j0j4&client=ubuntu&sourceid=chrome&ie=UTF-8] | |||
Revision as of 15:14, 4 May 2020
https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
It measures price-weighted average of stock prices (higher stocks weigh more). This has little to do with actual market volume, as it does not consider the amounts sold. So it's only a relative measure of a trend.
For example, study the value from 1980 over 40 years as it moves from 1000 [1]