Market Capitalization = Latest Closing Share Price x Total Number of Shares Outstanding Conversely, the Dow Jones Industrial Average (DJIA) is price-weighted, meaning that the value of the DJIA is based on the average stock prices of the 30 companies tracked by the index. Therefore, the average...
Charles Dow calculated the average by adding the prices of the 12 Dow component stocks and dividing by 12. The result was a simple average. Over time, additions and
or could have been effected at prices stated in the Materials, and such prices do not necessarily reflect internal books, records or theoretical model-based valuations and may be based on certain assumptions. Different assumptions by UBS or any other source may yield substantially different results....