Question
Compute the Arms index for S&P 500 over the following three days: Day 1 Number of Stocks Rising in Price: 325; Number of Falling in
Compute the Arms index for S&P 500 over the following three days:
Day 1 Number of Stocks Rising in Price: 325; Number of Falling in Price: 160; Volume for Stocks Rising in Price: 810 million shares; Volume for Stocks Falling in Price: 420 million shares. Day 2 Number of Stocks Rising in Price: 285; Number of Falling in Price: 235; Volume for Stocks Rising in Price: 450 million shares; Volume for Stocks Falling in Price: 735 million shares. Day 3 Number of Stocks Rising in Price: 265; Number of Falling in Price: 215; Volume for Stocks Rising in Price: 890 million shares; Volume for Stocks Falling in Price: 620 million shares.
Which of the three days would be considered the most bullish? Explain why.
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Managerial Finance In A Canadian Setting
Authors: X. Lusztig, X. Schwab
4th Edition
0409806021, 1483106330, 9780409806021, 9781483106335
