Odd-Lot Balance Index
This index is calculated by dividing daily or weekly odd-lot purchases by odd-lot sales. For stocks, the generally accepted unit of trading is 100 shares (round lot). The Odd -Lot Balance Index indicates the market sentiment of small investors who purchase less than 100 shares of a stock (odd-lot). These market participants are usually wrong about the direction of the market and this indicator is therefore considered to be a contrary opinion sentiment indicator.
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