Montenegro: Stock market turnover ratio

The latest value from 2012 is 1.15 percent, a decline from 2.18 percent in 2011. In comparison, the world average is 42.71 percent, based on data from 56 countries. Historically, the average for Montenegro from 2008 to 2012 is 1.78 percent. The minimum value, 1.15 percent, was reached in 2012 while the maximum of 2.4 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.

The stock market turnover ratio in Montenegro equals "the value of all stock market trades / the market value of all listed companies." It reflects how active the stock market of Montenegro is. A country may have many listed companies but few active trades. Conversely, there may be few listed companies but many trades.

Definition: Turnover ratio is the value of domestic shares traded divided by their market capitalization. The value is annualized by multiplying the monthly average by 12.