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Explanation: I don't know if this would fit at all. Just an idea.
"Therefore, if the turnover-based liquidity metric for a given security is 0.50 in a particular month, this implies that the level of turnover exceeds the minimum turnover by 50% of the difference between the maximum and minimum turnover for all securities and across all months in our sample.
Explanation: Umsatz is called 'sales'. Turnover means how quickly a full complement of merchandise is leaving the shelves. Some of it may be sold at reduced prices, or withdrawn because outdated, or donated to some worthy cause. Turnover emphasizes replacement, not sales, though hopefully, most will be rung up at the cash register
gangels Local time: 06:30 Works in field Native speaker of: English, German PRO pts in category: 119