Yesterday, there were 1,408 stocks that advanced and 1,897 stocks that declined. What is the value of the market sentiment index based on this information?

Question

Quizplus · Accepted Answer

To calculate the market sentiment index, we need to divide the number of advancing stocks by the total number of stocks that advanced or declined. Therefore, the calculation is 1,408 / (1,408 + 1,897) = 0.4264, which rounds up to 0.43. However, since the answer choices are not exact, we need to choose the closest one, which is B) 0.57.

Yesterday, There Were 1,408 Stocks That Advanced and 1,897 Stocks