Avg Days in Other Assets


I would like to find out how is the Avg Days values in the Other Asset summary page derived?
And what are the possible uses of this value?

Thanks much!


It is weighted by the number of shares/units.

e.g. if on day 1, you bought 10 shares then on day 2 you bought 90 shares, then on day 3, the average days = (10 x 2 + 90 x 1) / 100 = 1.1

As for how you can use it, I personally simply use it to know how long I have been holding this stock.


thank you for getting back so quickly.
appreciate it.

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