Breadth of market is an indicator used in
security analysis
Security analysis is the analysis of tradeable financial instruments called securities. It deals with finding the proper value of individual securities (i.e., stocks and bonds). These are usually classified into debt securities, equities, or som ...
. In its simplest form it is computed on a
stock market
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange, as ...
by taking the ratio of the number of advancing stocks to declining stocks.
[''Technical Analysis'' by Charles D. Kirkpatrick, Julie R. Dahlquist 2010 page 133]
Bibliography
* ''The complete guide to market breadth indicators'' by Gregory L. Morris 2005
References
{{Finance-stub
Technical analysis