Meaning Arithmetic index
What does Arithmetic index mean? Below you find one meaning for the word Arithmetic index You can also add a definition of Arithmetic index yourself
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Arithmetic indexAn arithmetic index gives equal weight to the percentage price change of each stock that's included in the index. In computing the index, the percentage changes of all the stocks are added, and the total is divided by the number of stocks. The percentage price changes of large companies aren't counted more heavily, as they are in a [..]
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