Financial Summary
How “Portfolio value (VWAP)” is calculated
VWAP stands for volume-weighted average price — the average price a share actually traded at, weighting each trade by how many shares changed hands. Bigger trades count more toward the average than smaller ones.
For each company we look at its recorded trades and compute:
VWAP = (sum of price × quantity over all trades) ÷ (sum of quantity)
An investor’s portfolio value is then the sum, across every company they hold shares in, of:
shares held × that company’s VWAP
- A company that has never traded has no VWAP, so its shares are not counted toward portfolio value (shown as — on an investor’s detail).
- Total equity on the report is the investor’s JB balance plus this portfolio value.
- VWAP moves toward the price of recent trades as more trading happens.