Formula
VWAP is calculated using the following formula:
where:
- = Volume Weighted Average Price
- = price of trade j
- = quantity of trade j
- = each individual trade that takes place over the defined period of time, excluding cross trades and basket cross trades.
Read more about this topic: Volume-weighted Average Price
Famous quotes containing the word formula:
“The formula for achieving a successful relationship is simple: you should treat all disasters as if they were trivialities but never treat a triviality as if it were a disaster.”
—Quentin Crisp (b. 1908)
“For the myth is the foundation of life; it is the timeless schema, the pious formula into which life flows when it reproduces its traits out of the unconscious.”
—Thomas Mann (1875–1955)
““It’s hard enough to adjust [to the lack of control] in the beginning,” says a corporate vice president and single mother. “But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.””
—Anne C. Weisberg (20th century)