Value Line Index

What Does Value Line Index Mean?
An equal-weighted stock index containing 1,700 companies from the NYSE, American Stock Exchange, Nasdaq and over-the-counter market.

Also known as the "Value Line Investment Survey".

Investopedia explains Value Line Index
As this is an equal-weighted index, each of the 1,700 stocks are assigned identical weights in the calculation.

Value Line is one of the most respected investment research firms. Its performance record has been extremely strong. In fact, the firm's model portfolios have generally beat the market over the long run.