HOLLINGER LIQUIDITY INDEX (HLI)

A number used to measure liquidity using the most recent closing price and an average volume instead of volume only. HLI is a measure of money in motion, not just number of shares. We generally use 20-days for the average volume and consider 2,500,000 a reasonable liquidity floor. The higher the HLI the more liquidity is available.

Complete defintion with equations (in new window).