Fund turnover rate can be used to consider the frequency of fund portfolio changes, so as to understand the investment style and efficiency of fund managers. The calculation formula of fund turnover rate is: turnover rate = (the total amount of stocks bought and sold by the fund in a certain interval /2)/ the average value of the market value of stocks held by the fund in this interval. Generally, the fund turnover rate does not need to be calculated by investors themselves, and the fund platform metropolis provides information on the fund turnover rate of each period. In 20 19, the average turnover rate of cemetery funds is about 1.8 times, but the turnover rate of different fund companies' products and different types of funds will be quite different.

Is the capital turnover rate high?

The high turnover rate of the fund shows that the fund manager operates frequently, and the expected investment income mainly comes from the short-term spread caused by the timing band operation, and the investment style is extreme. The low turnover rate of funds shows that fund managers are cautious and tend to hold for a long time. The turnover rate of the fund is only one of the indicators to measure the investment value of the fund, and it is meaningful to compare the turnover rate under the same period of time and the same type of fund. For example, the turnover rate of active funds is generally higher than that of passive funds, and the turnover rate of funds in bull market is generally higher than that in bear market. But what is certain is that if the capital turnover rate is high, the transaction cost of position adjustment will also increase and the investment risk will be higher.

Relationship between turnover and turnover rate

1, trading volume and turnover rate are two important indicators in stocks, and investors can get a lot of useful data according to these two indicators. Generally speaking, the greater the stock trading volume, the higher the turnover rate, and the smaller the stock trading volume, the lower the turnover rate. There is a proportional relationship between them. It can also be an inverse relationship. The total share capital of different stocks is directly related to the circulation, which directly leads to low turnover rate and large turnover; Or is it a special phenomenon of high turnover rate and low turnover rate?

2. If it is different from the turnover rate, the turnover rate indicates the number and amount of transactions, while the turnover rate indicates the turnover rate of transactions, that is, the ratio of the number of stocks traded to the number of all stocks in circulation. Generally speaking, turnover and turnover rate can show the heat of the market or stock.