An Index Value Plot is a graphical representation that is used to display that frequency with which a certain event either increases or decreases. These plots are used a lot by those who are following a certain stock or weather patterns.
The graph displayed shows movement of the Russell 1000 Value along with the Russell 2000 growth ratio. A quick look at the graph shows the reader that the values reached extremes of 1.00 and .82, while the vast majority of the movement occurred somewhere in-between these two numbers.
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