Final answer:
The Dow Jones Industrial Average is not a value-weighted series.
Step-by-step explanation:
The question asks which of the following options is NOT a value-weighted series. A value-weighted series is a stock market measure that takes into account the market capitalization or value of each stock in the index. The options listed include:
- NASDAQ Composite Index
- American Stock Exchange Series
- Wilshire 5000 Equity Index
- NASDAQ Industrial Index
- Dow Jones Industrial Average
The NASDAQ Composite Index, American Stock Exchange Series, Wilshire 5000 Equity Index, and NASDAQ Industrial Index are all value-weighted series. The Dow Jones Industrial Average, on the other hand, is not a value-weighted series. It is a price-weighted series, which means that the stock prices of the 30 companies included in the index are simply averaged, without considering their market capitalization.