Divisor

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Divisor

Used in construction of stock indices. Suppose there 10 stocks in an index, each worth $10 and the index is at 100. Now suppose that one of the stocks must be replaced with another stock that is worth $20. If no adjustment is made to the divisor, the total value of the index would be110 after the swapping. yet there should be no increase in value because nothing has happened other than switching the two constituents. The solution is to change the divisor; in this case from 1.00 to 1.10. Note that the value of the index, 110/1.1, is now exactly 100 - which is where it was prior to the swap.

Divisor

In division, the number by which another number if divided. For example, in the equation 8 / 4 = 2, the divisor is 4. This is used in indexes to account for stock splits and dividends. See also: Dow divisor.
References in periodicals archive ?
The divisible poll formula has forced the federal government to commit the biggest budget abuse.
Divisibility by 30: An integer N was divisible by 30 if and only if (EQUATION) was divisible by 30.
Exploring whether patterns in the digit sum exist for other numbers provides students with the opportunity to test conjectures and, ultimately, to discover that numbers which are divisible by nine have a digit sum that is divisible by nine.
In addition to the releases from the divisible pool, the federal government has also transferred money to the provincial governments under the heads of General Sales Tax (GST) on services, royalty on crude oil, natural gas, gas development surcharge and excise duty on natural gas.
The collection charges of the federal government have been reduced from five percent to one percent thereby enlarging the overall size of the divisible pool.
Then for n to be super Niven, n must be divisible by k for all k [less than or equal to] m.
The above shows that [abc] = a(99) + b(9) + a + b + c and so [abc] is divisible by 3 if and only if a + b + c is divisible by 3.
One percent of net proceeds from divisible pool taxes would be allocated to the NWFP government to cover expenses incurred in the war on terror.
Similarly, students are more likely than their teachers to gain insights from One Nation Divisible.
Time is divisible, while limits and finitude fall under correlations, and we have said that when one of them exist potentially, the other does so as well and when we find one of them in actuality, we also find the other in actuality, so if we draw from these premises, a logical conclusion, we will say: If time has a beginning in existence, its beginning is a period (An) and this [beginning] will either come into existence simultaneously with time--and in this case time would have a correlation with the period--or the period would have come into existence before time, so that the period will exist [both] in actuality and potentially.
You'll always find a prime number--a number divisible only by itself and by 1between that number and its double.
Experience showed that it should be divisible (out went cattle), transportable (out went fragile shells), durable (out went tobacco), and relatively scarce (out went most other commodities including small pieces of paper).