Amex Composite Index investment & finance definition
A composite value of all of the stocks traded on the
American Stock Exchange. The value of each stock in the American Stock Exchange
is derived by multiplying the stock’s market price by the number of shares
outstanding. The trading symbol is XAX.
See Amex Composite Index in Wall Street Words
A market-value-weighted index (market price times shares outstanding) of all AMEX-listed securities relative to their aggregate value on December 29, 1995. Index components include common stocks and American Depositary Receipts of all AMEX-listed companies, REITs, master limited partnerships, and closed-end investment companies. The day-to-day price change of each security is weighted by the security's market value.