Calculating the Nasdaq indexes daily average
Both the Nasdaq Composite and Nasdaq 100 use the same modified market capitalization weighting method: Each share's closing price (LSP) is multiplied by the total shares outstanding (TSO).
Share weights calculation: Each security's market capitalization is divided by the total capitalization of all index securities. Share weights for each stock are then multiplied by that stock's closing price. The total is divided by an index divisor that accounts for market fluctuations. The result is the Nasdaq average for that day.
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The Nasdaq has two major indexes
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Market Value or OMV (Open Market Valuation)
OMV is the price an asset would get in the marketplace, or the value the investment community gives to particular equity or business.
Market value is also used to refer to the market capitalization of a publicly-traded company. It is calculated by multiplying the number of...
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