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 ?
Allocation of shares out of the Divisible Pool of Taxes to the Provincial Governments are based on multiple indicators.
'The quantum of the expenditure for the fiscal year 2017-18 was Rs125 billion, which forms 3.5 per cent of the divisible pool taxes,' the documents said.
In order to overcome these challenges, the ministry proposed to revisit the composition of the divisible pool, sharing obligatory expenditures related to security and special areas and sharing the cost of subsidies on energy, Benazir Income Support Programme and Higher Education Commission, according to an official of a provincial government.
Now any product of 100 is always divisible by 4, therefore DEDE is divisible by 4 if DE is divisible by 4.
Divisibility by 24: An integer N was divisible by 24 if and only if (EQUATION) was divisible by 24.
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.
The changes can be classified under three broad groups: (1) divisible pool, (2) straight transfers and (3) grants/others.
On the other hand, the number 360 is super Niven because 360 is divisible by 3, 6, and 9--all the subdigital sums of 360.
ISLAMABAD, May 15 -- Federating units were told on Friday that the divisible pool for the provinces under the 7th National Finance Commission Award would contain Rs 915 billion for the next fiscal year 2010-11, official sources told Daily Times.
Mark Silk and Andrew Walsh; ONE NATION DIVISIBLE: HOW REGIONAL RELIGIOUS DIFFERENCES SHAPE AMERICAN POLITICS; Rowman and Littlefield (Special Note) $0.00 ISBN: 9780742558458
We may note that all S-numbers are divisible by 9; none is divisible by both 2 and 5; to be divisible by 11, the sums of the alternate digits must be 17 and 28; and where the middle triad is the sum of the first and third triads and its digits sum to 18, the number is divisible by 7, 11 and 13.
One Nation Divisible: What America Was and What It Is Becoming.