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VWAP (volume weighted average price) = Cumulative (Volume x Price) / Cumulative (Volume). Should price be "actual close" or "adjusted close"? Which one is better and why?
I see. Should the price used for VWAP be "actual close" or "adjusted close"?
That depends on the specific situation. "Actual close" takes into account all trades that occurred during the day, while "adjusted close" accounts for factors like dividends and stock splits. In general, "actual close" is more commonly used for VWAP, but "adjusted close" may be more appropriate in certain circumstances.