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Hey quants,
I'm a bit confused about how unrealized profits are calculated in the live section.
I would assume unrealized would be very close to
(actualPriceOfSecurity * quantity) - (purchasePriceOfSecurity * quantity)
Would that be close to a good guess?
If so, I'm confused by the following screenshot, I've highlighted one line for simplicity.
Average price is 92.62 * 3219 = 298,143.78
The market value is 400k+ and even if the price has risen a bit since purchase the unrealized is -400K? What am I doing wrong?
Also, unrealized profits are already calculated in equity: would that be a true statement?
Varad Kabade
Hi Alberto_Papel,
For calculation, we use the following:
(bid or ask * quantity) - (purchasePriceOfSecurity * quantity)
instead of:
(actualPriceOfSecurity * quantity) - (purchasePriceOfSecurity * quantity)
So if there is a bid/ask spread from the last trade, this will show that difference. We also recommend going through the source code to get an idea of how different components are implemented. Refer to the following link regarding the complete information about the different classes/methods in the API.
Best,
Varad Kabade
Alberto_Papel
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