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Valueline is an American stock tracking service, which ranks stocks based on company specific safety/risk, and in terms of timeliness relative to other stocks covered within the survey. Valueline pioneered the equity strategy that has come to be called value investing. Adherents to this strategy feel that they can time the best investment entry and exit points by determining when a stock is undervalued or overvalued.
The valueline rating system has become so popular that it can influence the price of the stocks reported there-in. The valueline effect is the short term outperformance of stocks ranked highest in timeliness by the valueline stock survey.
The survey itself is broken into three parts; Ratings and Reports, Summary and Index, and Selection and Opinion
Ratings and Reports
The Ratings & Reports section contains one-page reports on approximately 1,700 companies and more than 90 industries. Each company report contains, among other things, Value Line's Timeliness, Safety, and Technical rankings, Beta calculations, a 10-year statistical history of 23 financial ratios and other indicators of corporate performance, financial and stock price forecasts for the coming 3 to 5 years, and an analyst's written commentary.
Summary & Index
Summary & Index contains an index of all stocks in the publication as well as many up-to-date statistics to keep investors informed about the latest company results.
Selection & Opinion
Selection & Opinion section contains Value Line's latest economic and stock market forecasts, one-page write-ups of interesting and attractive stocks, model portfolios, and financial and stock market statistics.
See also
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