"Mark % change" in TOS platform
"Mark % change" in TOS platform
In the context of trading and investing, the "mark % change" refers to the percentage change in the price of a security or financial instrument from its previous closing price. It is often used as a quick reference to assess the performance of a stock or other tradable assets.
Let's break down the term "mark % change" into its components:
- Mark: In this context, "mark" refers to the current market price of a security. It represents the most recent traded price at a given moment in time.
- % Change: The "% change" represents the percentage difference between the current market price (mark) and the previous closing price of the security.
To calculate the mark % change, you can use the following formula:
Mark % Change = ((Mark Price - Previous Close Price) / Previous Close Price) * 100
Here's an example to illustrate how to calculate the mark % change:
Let's say you are monitoring the stock of XYZ Company. Yesterday, the stock closed at $100 per share. Today, the current market price (mark) of the stock is $110 per share.
To calculate the mark % change:
Mark % Change = (($110 - $100) / $100) * 100
= ($10 / $100) * 100
= 0.1 * 100
= 10%
In this example, the mark % change for XYZ Company's stock is 10%. This indicates that the stock price has increased by 10% from the previous closing price.
Please note that mark % change is a dynamic value that can fluctuate throughout the trading day as the market price changes. It provides traders and investors with a quick snapshot of how a security is performing relative to its previous closing price.
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