Term:
Hui-Heubel Ratio
Definition:
A measure of resilience and depth in financial markets. The ratio relates the volume of trades (as a proportion of the outstanding stock of the instrument) to its impact on prices. The larger the volume of trades relative to the price changes, the deeper and more resilient the market is.
Domain:
Finance
Source:
IMF, 2004, Compilation Guide on Financial Soundness Indicators, IMF, Washington DC, Appendix VII, Glossary
