Closing Prices |
Number of Outstanding Shares (Millions) |
|||||
A |
B |
C |
A |
B |
C |
|
1st Jan 2020 |
200 |
400 |
300 |
100 |
200 |
100 |
2nd Jan 2020 |
250 |
420 |
180 |
100 |
200 |
200 |
3rd Jan 2020 |
270 |
450 |
80 |
100 |
600 |
200 |
Equally weighted series is calculated as taking the average of the percentage change in the price of each stock and increasing/decreasing the prior day's index value by that average percentage. Assuming that 1st Jan 2020 is the base date, the index value is taken to be 100. The index values are calculated as follows:
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