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Non-Tech : Kirk's Market Thoughts
COHR 154.52-3.0%Nov 7 9:30 AM EST

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Kirk ©
To: Kirk © who wrote (2166)10/21/2014 12:52:36 AM
From: ETF11 Recommendation   of 26439
 
I wonder where the DOW would be today if they threw IBM out rather than HP last year.....
Would be interesting to know.

Due to the price weighting of the index, currently IBM makes up 7.15% of the index, the second highest weighting after Visa at 8.04%

HPQ would have a weighting of less than 1.5% if in today

IBM has a YTD performance of -8.17%, and a one year performance of -0.33%
HPQ has a YTD performance of +22.53%, and a one year performance of +46.64%

The divisor for calculating the value of the Dow 30 changes with stock splits, changes to the composition of the Dow, etc.

"The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes.............."
en.wikipedia.org
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