Stock Glossary

Basic Fields

1. Market Cap

Formula:Market Cap = Total Shares × Latest Price

Definition:The total market value of a listed company's shares at current market prices.

2. Float Market Cap

Formula:Float Market Cap = Float Shares × Latest Price

Definition:The market value of the portion of shares that are tradable on the secondary market.

3. Total Shares

Definition:The total number of shares issued by a company, including both tradable and non-tradable shares listed on exchanges.

4. Float Shares

Definition:Shares of a listed company that are tradable on the exchange.

Note:For ADR-listed stocks, float share data is based on research reports, financial reports and other official sources for reference only.

5. Turnover Rate

Formula:Turnover Rate = Traded Shares / Float Shares / Trading Period × 100%

Definition:The frequency of share trading within a given period, reflecting how actively shares change hands.

6. Amplitude

Formula:Amplitude = (Day High − Day Low) / Previous Close × 100%

Definition:The percentage difference between the day's high and low relative to the previous close, reflecting stock activity to some extent.

7. Bid-Ask Ratio

Formula:Bid-Ask Ratio = (Bid Volume − Ask Volume) / (Bid Volume + Ask Volume) × 100%

Definition:The ratio of buy orders to sell orders in the order book, measuring relative buying and selling strength over a period.

8. Volume Ratio

Formula:Volume Ratio = (Current Volume / Minutes Since Open) / 5-Day Avg Volume Per Minute

Definition:The ratio of average per-minute volume since market open to the 5-day average per-minute volume, measuring relative trading activity.

Financial Fields

1. P/E Ratio (Static)

Formula:
  • HK/US/A-shares/China Concepts = Current Market Cap / Last Fiscal Year Net Profit Attributable to Parent
  • US Stocks/China Concepts (ADR) = Latest Price / Diluted EPS

Definition:A metric to assess whether a stock price is reasonable. Static P/E uses actual full-year financial data, ignoring short-term profit changes, and allows cross-company comparison.

2. P/E Ratio (TTM)

Formula:
  • HK/A-shares: Current Market Cap / Sum of Net Profit Attributable to Parent over Past 12 Months
  • US Stocks/China Concepts (ADR): Latest Price / Sum of Diluted EPS over Past 12 Months

Definition:P/E based on EPS from the most recent 12 months of reports. TTM EPS sums four quarterly reports and updates as new quarters are reported, smoothing seasonal and cyclical effects.

3. P/E Ratio (Forward)

Formula:Forward P/E = Current Market Cap / Forecast Net Profit Attributable to Parent for Current Fiscal Year

Definition:Forward P/E (excluding HK and A-shares without forecasts) is based on analyst estimates, reflecting expectations of future earnings and whether the stock may be undervalued.

4. P/B Ratio

Formula:P/B = Latest Price / Net Assets per Common Share Attributable to Shareholders

Definition:The ratio of market cap to book value or shareholders' equity, reflecting balance sheet asset value relative to share price.

5. Dividend Yield

Definition:The ratio of dividends to share price, reflecting profitability and the stability of cash dividends.

A-share Calculation:

  • Dividend Yield TTM = Cash Dividends over Past 12 Months / Market Cap on the Day
  • Dividend Yield LFY = Cash Dividends in Last Fiscal Year / Market Cap on the Day

HK/US/China Concepts (ADR) Calculation:

  • Dividend Yield TTM = Cash Dividends over Past 12 Months / Market Cap on the Day
  • Dividend Yield LFY = Cash Dividends in Last Fiscal Year / Market Cap on the Day

Note:

  • Dividend TTM = Sum of Dividends per Share over Past 4 Quarters
  • Dividend LFY = Sum of Dividends per Share in Last Fiscal Year
  • Dividend Yield TTM = Dividend TTM / Share Price
  • Dividend Yield LFY = Dividend LFY / Share Price