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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Advance-Decline Index  

Definition 1.

The ratio of advancing stocks to declining stocks, the advance-decline index over time gives an indication of where the broad market has been going -- a trend that is sometimes masked by indexes such as the Dow Jones Industrial Average, which contains just 30 stocks, all large industrial concerns whose fortunes don''t always reflect the overall market.
 
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