Share Turnover

Share Turnover

A measure of the liquidity of a security calculated by taking the average trading volume for a given period and dividing by the average shares outstanding for the same period. The higher the share turnover ratio is, the more liquid the security is because it indicates that the security can be bought and sold easily.
References in periodicals archive ?
Instead, they document a significant negative association between expected returns and the variability of trading volume and share turnover, which they use as proxies for liquidity.
4 million, share turnover some 138 million, exchanged in 3,685 transactions.
Ibbotson and Idzorek test this theory by sorting the universe of stocks by popularity, as defined by share turnover, and dividing them into quartiles each year from 1972 through 2013.
Hong Kong's exchange should become more liquid, while brokerages, among others, should profit from the greater share turnover.
Speaking at the annual conference of the AFE, which kicked off yesterday, Dr Khalaf asserted, "With the exception of Saudi Arabia, where share turnover stands at 138 per cent and which holds 84 per cent of the shares traded in the region, the turnover of the Arab stock exchanges is low.
He said MSCI has no problem with share turnover, liquidity and share ownership issues.
7 %, said Jalilati, noting that the actual free shares did not exceed 10 % of the total exported shares, which negatively affected the share turnover, among other reasons.
14 million ($3 million), down 31 per cent, reflecting the low cost interest environment, the dearth of capital and debt raising opportunities and a reduced share turnover in the GCC's equity markets.
5 million reflecting the low cost interest environment, the dearth of capital and debt raising opportunities and a reduced share turnover in the GCC's equity markets.
They find that the relative bid-ask spread decreases and share turnover increases for firms voluntarily adopting either US GAAP or IAS, compared to firms adopting German GAAP.
In the United States and United Kingdom, such funds count for about 40 percent to 70 percent of daily share turnover at the stock exchanges.
Table 2 describes the A and B share structure (as of December 1998), and daily average returns and share turnover ratios (from Jan 1994 to May 1999).