Not exact matches
When it comes to foreign exchange,
average daily trading
volume in April 2016 was $ 4.6 trillion dollars, slightly
lower than the $ 4.8 trillion of April 2015, with
volumes little changed over three years.
Note that our requirement for 1 million shares per day is only for individual stocks; we have a much
lower requirement for ETFs, as high
average daily volume is largely irrelevant when trading ETFs.
e.g. on a universe of all liquid stocks with pretty generous liquidity filters (price > $ 1, mcap > $ 100 million, on the market for at least 1 year, inflation - adjusted
daily dollar
volume in the last 63 days > $ 100,000), before friction, and hold for 5 days (no other sell rule), tested on all start dates Sept 2, 1997 forward to Aug 18, 2015 and then
averaged CAGR, leaving an
average of 3360 stocks in the universe to then test: a. 17.6 % cagr bottom 5 % of stocks left by bad 4 day return (requiring price > ma200 was slightly worse than this at 17.4 %; but requiring price < ma5 was better at 18.1 %) b. 16.0 % cagr bottom 5 % of stocks left by bad 5 day return c. 14.6 % cagr bottom 5 % by rsi (2) d. 14.7 % cagr for rsi (2) < 5 I have tested longer backtests on simpler liquidity filters (since my tests can't use all of the above filters on very long tests) and this still holds true: bad return in the last 4 or 5 days beats
low rsi (2) for 1 week holds.
So if a stock for example has last sale price of $ 0.50, has a highest bid price of $ 0.40 and a
lowest offer price of $ 0.60, and an
average daily volume of 10000 share, it is likely to be very illiquid.
* But what happens if the ETF's
average daily trading
volume is significantly
lower than the purchase order?
A security's distributions will not be reinvested if the security has a
low average daily trading
volume or if the corporation is involved in a corporate reorganization or other corporate action, such as a merger.
The
average daily volume in January for each of these investments ranged from a
low of 800 to a high of 4,800; that's tight.
Since October, the relative market share of the non-Big Three exchanges began plummeting and has remained
low, now
averaging only 0.9 % of total
daily US$ bitcoin
volume from 10th February to 10th March 2014 (see Chart 2).
While digital currency trading
volume has taken off,
average daily trading
volume in U.S. stocks fell in August to its
lowest in three years, according to market researcher Tabb Group.
Lower Manhattan is the third largest central business district in the United States, and is home to The New York Stock Exchange, located on Wall Street, and the NASDAQ, representing the world's first and second largest stock exchanges, respectively, when measured by
average daily trading
volume and overall market capitalization.