Avg Days in Other Assets

Q&A
1

Hi,

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!

2

Hi,

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.

Cheers,
Evan

3

thank you for getting back so quickly.
appreciate it.

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