Logically, the Market Cap of an industry must be the sum of the Market Caps of the companies making up the industry. Therefore, a weighted average price/share times the total shares of all companies in the industry is needed to that Mkt Cap = Price x Shares works at the industry level.
As can be seen in the attachments, for Industry stats VectorVest Australia (haven't checked VV USA) multiplies the simple average of Price/Share times the simple average of Shares/Company which results in the "Mkt Cap" being a meaningless number.
This should be fixed.1 vote
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