Turnover (Dollar Volume)
Volume × price — how much money traded, the honest measure of liquidity.
What it means
Ten million shares of a $0.30 stock is $3M of trading; one million shares of a $300 stock is $300M. Share volume makes the first look bigger; turnover shows the second is a hundred times more liquid.
Turnover is the number that decides whether a strategy is executable at your size: it caps how much you can enter and exit without moving the price against yourself.
Why traders care
- The standard liquidity filter — most scanners rank "most active" by dollar volume.
- Low-turnover names eat any theoretical edge through spread and impact.
In a TraderWe strategy
if DayAmount > 10000000 and TradeAmount > AvgTradeAmount(600) * 3:
Buy()A liquid name ($10M+ today) whose per-second turnover just tripled its 10-minute average.
Related terms
Educational content, not investment advice. Engine details describe how TraderWe computes this value; other platforms may define it differently.