On a given day, 200 of the S&P 500 stocks were up, 300 were down. Volume for up stocks was 500 million, volume for down stocks was 700 million. The ARMS or TRIN for that day was

Name: On a given day, 200 of the S&P 500 stocks were up, 300 were down. Volume for up stocks was 500 million, volume for down stocks was 700 million. The ARMS or TRIN for that day was
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ARMS = (Volume of Down Stocks / Volume of Up Stocks) / (Number of Up Stocks / Number of Down Stocks)= (700 / 500) / (300 / 200)= 1.4 / 1.5= 0.93

On a Given Day, 200 of the S&P 500 Stocks