Summary
90-Day Average Volume measures the average number of shares traded per day over the previous 90 trading days. It provides a smoother view of normal trading activity.
This metric helps investors understand what level of volume is typical for a share.
Why it matters
Investors often compare current volume with 90-Day Average Volume to identify unusual activity. If current volume is much higher than average, it may indicate increased interest or a reaction to new information.
If current volume is much lower than average, it may suggest a quieter trading session.
How it is calculated
90-Day Average Volume = Total Volume Traded Over the Last 90 Trading Days ÷ 90
How to read it
A share with a higher average volume is generally more liquid. A share with a lower average volume may be harder to trade without affecting the price.
This metric should be used together with traded value and number of trades.