weighted average is an average in which each quantity to be averaged is assigned a weight. These weightings determine the relative importance of each quantity on the average.
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The main difference between VWAPY and VWAGY is that VWAPY represents the volume-weighted average price of a stock for the entire year, while VWAGY represents the volume-weighted average price of a stock for the entire day.
WAVG
The SP 500 index is a market index that includes 500 large companies in the US, weighted by their market capitalization. A weighted index, on the other hand, assigns different weights to its components based on specific criteria, such as revenue or price.
To calculate the weighted average in accounting, you multiply each value by its respective weight, then add up all the results and divide by the sum of the weights.
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