That's not how it is understood.

the previous concentration of 9% refers to the price range of a stock in circulation after 9% turnover. In other words, what is the price range of a stock when it has changed hands by 9%?

the latter 1% means that the highest and lowest prices in this range are up or down by 1% when 9% have changed hands.

this indicator, the higher the concentration, the smaller the price range, indicating that the better the concentration of chips, the higher the dealer's control, and the greater the probability of ups and downs.

Extended information

1. Morphological characteristics of chip distribution indicators

Chip density-preparation of market.

1. The chips are low and dense, and the chip line turns purple-it may be the main attraction.

2. The chips are high and dense, and the chip line turns red-most of them are the main shipments.

second, the main role of chip distribution indicators

1. judge the bottom and top areas of the market and individual stocks.

2. Monitor the dealer's purchase and delivery.

3. judge whether the main stock is strong or weak.

4. judge the positions in each stage of the main speculation.

5. Forecast the target position of individual stocks.

6. predict the resistance or support level in the process of stock price rising or falling.

Third, the main range of chip distribution indicators

1. In the long-term bull market.

2. It is best for the first main rising wave in the mid-line market.

3. The middle line, short line, high position and low position can be used

Baidu Encyclopedia-chip distribution index.