Is the index capitalization weighted or price weighted?

它是资本加权指数还是价格加权指数？

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The index works by taking a weighted average of the price of imported iron and domestically produced iron ore to produce a composite number.

这种指数通过对进口铁和国产铁矿石取以加权平均价格以此产生一个合成数。

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The Dow is a relic of a market indicator; an average, not an index, weighted by price, not by market value.

道指是业已过时的市场指标；它是平均数，而非指数；以市价而非市值为权重。

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Typically, when believers talk about previous secular bear markets, they measure using the Dow (a faulty, price-weighted index which makes returns fairly arbitrary and not reflective of economic reality), or they measure the Dow without dividends reinvested (which is really stretching reality).

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Other equal-weight ETFs also lose the price battle to cap-weighted index funds.

WSJ: Equal-Weight Indexing: A Good Idea?

As I wrote in a post earlier this year, the problem with putting Apple in the Dow is that the index is price-weighted: stocks with larger absolute prices have a bigger impact than smaller ones.

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