## Glossary

An equally weighted price index of all stocks covered in The Value Line Investment Survey. Arithmetic refers to the averaging technique used to compute the average. See Arithmetic Average. |

An equally weighted price index of all stocks covered in The Value Line Investment Survey. Geometric refers to the averaging technique used to compute the average. See Geometric Average.

An equally weighted price index of all stocks in The Value Line Investment Survey, except for utilities and rails. Geometric refers to the averaging technique used to compute the average. See Geometric Average.

An equally weighted price index of railroad stocks reviewed in The Value Line Investment Survey. Geometric refers to the averaging technique used to compute the average. See Geometric Average.

an equally weighted price index of utility stocks reviewed in The Value Line Investment Survey. Geometric refers to the averaging technique used to compute the average. See Geometric Average.

An equally weighted price index of all stocks covered in The Value Line Investment Survey. Arithmetic refers to the averaging technique used to compute the average. See Arithmetic Average.

VL ETF Index

Value Line free cash flow

Value Line Geometric Index

VL Small & Mid-Cap Performance Index

The Safety Rank measures the total risk of a stock relative to the approximately 1,700 other stocks covered in The Value Line Investment Survey.

Uses a proprietary formula to predict short-term (three to six month) future price returns relative to the Value Line universe. It is the result of an analysis which relates price trends of different durations for a stock during the past year to the relative price changes of the same stock over the succeeding three to six months. The Technical Rank is best used as a secondary investment criterion. We do not recommend that it replace the Performance Rank. As with the other ranks, the Technical Rank goes from 1 (highest) to 5 (lowest).

The Timeliness Rank measures the probable price performance of a stock relative to the approximately 1,700 other stocks covered by The Value Line Investment Survey during the next six to twelve months.

The latest volume of a company's common stock.

Volume for the last trading day.