Calculation Formula For HSI
The current Hang Seng Index is calculated from this formula:
Descriptions on parameters:
- P(t):Current Price at Day t
- P(t-1):Closing Price at Day (t-1)
- IS:Issued Shares (Only H-share portion is taken into calculation in case of H-share constituents.)
- FAF:Freefloat-adjusted Factor, which is between 0 and 1, adjusted quarterly
- CF:Cap Factor, which is between 0 and 1, adjusted quarterly
Read more about this topic: Hang Seng
Famous quotes containing the words calculation and/or formula:
“To my thinking boomed the Professor, begging the question as usual, the greatest triumph of the human mind was the calculation of Neptune from the observed vagaries of the orbit of Uranus.
And yours, said the P.B.”
—Samuel Beckett (19061989)
“Hidden away amongst Aschenbachs writing was a passage directly asserting that nearly all the great things that exist owe their existence to a defiant despite: it is despite grief and anguish, despite poverty, loneliness, bodily weakness, vice and passion and a thousand inhibitions, that they have come into being at all. But this was more than an observation, it was an experience, it was positively the formula of his life and his fame, the key to his work.”
—Thomas Mann (18751955)