GEOMETRIC MEAN
Average of a set of products, computing the commonly used to identify the performance results of an investment or portfolio. It is technically defined as "the ‘n’th root product of ‘n’ numbers". Computed as:
{Return 1 x Return 2 x … Return n}1/n
n = number of returns in the series
This can be used when working with percentages (derived from values), inasmuch as the standard arithmetic mean works with the values themselves.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
