Stock Glossary

1. Market Cap

Formula：Market Cap = Total Shares × Latest Price

Definition：The total market value of a listed company's shares at current market prices.

2. Float Market Cap

Formula：Float Market Cap = Float Shares × Latest Price

Definition：The market value of the portion of shares that are tradable on the secondary market.

3. Total Shares

Definition：The total number of shares issued by a company, including both tradable and non-tradable shares listed on exchanges.

4. Float Shares

Definition：Shares of a listed company that are tradable on the exchange.

Note：For ADR-listed stocks, float share data is based on research reports, financial reports and other official sources for reference only.

5. Turnover Rate

Formula：Turnover Rate = Traded Shares / Float Shares / Trading Period × 100%

Definition：The frequency of share trading within a given period, reflecting how actively shares change hands.

6. Amplitude

Formula：Amplitude = (Day High − Day Low) / Previous Close × 100%

Definition：The percentage difference between the day's high and low relative to the previous close, reflecting stock activity to some extent.

7. Bid-Ask Ratio

Formula：Bid-Ask Ratio = (Bid Volume − Ask Volume) / (Bid Volume + Ask Volume) × 100%

Definition：The ratio of buy orders to sell orders in the order book, measuring relative buying and selling strength over a period.

8. Volume Ratio

Formula：Volume Ratio = (Current Volume / Minutes Since Open) / 5-Day Avg Volume Per Minute

Definition：The ratio of average per-minute volume since market open to the 5-day average per-minute volume, measuring relative trading activity.

1. P/E Ratio (Static)

Definition：A metric to assess whether a stock price is reasonable. Static P/E uses actual full-year financial data, ignoring short-term profit changes, and allows cross-company comparison.

2. P/E Ratio (TTM)

Definition：P/E based on EPS from the most recent 12 months of reports. TTM EPS sums four quarterly reports and updates as new quarters are reported, smoothing seasonal and cyclical effects.

3. P/E Ratio (Forward)

Formula：Forward P/E = Current Market Cap / Forecast Net Profit Attributable to Parent for Current Fiscal Year

Definition：Forward P/E (excluding HK and A-shares without forecasts) is based on analyst estimates, reflecting expectations of future earnings and whether the stock may be undervalued.

4. P/B Ratio

Formula：P/B = Latest Price / Net Assets per Common Share Attributable to Shareholders

Definition：The ratio of market cap to book value or shareholders' equity, reflecting balance sheet asset value relative to share price.

5. Dividend Yield

Definition：The ratio of dividends to share price, reflecting profitability and the stability of cash dividends.

A-share Calculation:

• Dividend Yield TTM = Cash Dividends over Past 12 Months / Market Cap on the Day
• Dividend Yield LFY = Cash Dividends in Last Fiscal Year / Market Cap on the Day

HK/US/China Concepts (ADR) Calculation:

• Dividend Yield TTM = Cash Dividends over Past 12 Months / Market Cap on the Day
• Dividend Yield LFY = Cash Dividends in Last Fiscal Year / Market Cap on the Day

Note:

• Dividend TTM = Sum of Dividends per Share over Past 4 Quarters
• Dividend LFY = Sum of Dividends per Share in Last Fiscal Year
• Dividend Yield TTM = Dividend TTM / Share Price
• Dividend Yield LFY = Dividend LFY / Share Price