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On a given trading day, 700 stocks advanced and 1,200 stocks declined. The volume of declining stocks was 280 million while the volume of advancing stocks was 530 million. What is the TRIN value for the day?A) 0.31B) 0.91C) 1.10D) 3.24

Respuesta :

Answer:

The correct option is (A)

Explanation:

Given:

Advancing stocks = 700

Declining stocks = 1,200

Advancing ratio = Advancing stock ÷ Declining stock

                          = 700 ÷ 1,200

                          = 0.583

Advancing stock volume = 530 million

Declining stock volume = 280 million

Advancing volume = Advancing stock volume ÷ Declining stock volume

                                = 530 million ÷ 280 million

                                 = 1.893

Computation of TRIN:

TRIN = Advancing ratio ÷ Advancing volume

         = 0.583 ÷ 1.893

         = 0.307 or 0.31

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