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THE BEST answer you'll get: calling your broker and get THE EXACT formula.
If the broker doesn't have the exact way to calculate, ask for the corporate headquarters' phone number AND e-mail address.
There's nothing like going straight to the source.
You might get 4 answers here AND they could all be based on the way the folks' giving the answer says that's how THEIR broker does it.
In trading, like the real world, nothing is exactly "cut and dry".
Thanks for asking! I enjoyed helping you find the answer.
Yes, that is my real last name!
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I noticed that eoddata provides a fundamental data file for it silver membership clients ($9.95/mo).; however when I look at their Sector and Industry in the fundamental data sample file, it does not match exactly with what in google.
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Using an online brokerage service like Firstrade, Scottrade, eTrade, etc. you can buy and sell: Stocks, Options, Mutual Funds, Exchange Traded Funds (ETFs), Fixed Income, Bonds, CDs, Retirement Accounts (IRA), etc. All of your investment decisions will be made by you, including any decisions to buy or sell, as well as what to buy or sell. Because of this you will not need a large sum of money required by traditional full-service stock brokers to cover their steep commission charge.
One of the benefits of using an online broker for buying stocks, is that you will generally be charged a lower commission than if you choose a full service broker.
You can read more about Online Stock Trading for Beginners Here:
You can go to for Investing education. Includes the most comprehensive investing dictionary on the web as well as articles and tutorials on nearly any aspect of the market.