wheretis the announcement date. t−3

wheretis the announcement date. t−3is three days before t. Dis the number of days in the month prior to datet−3. VBj,k,t −3
is the buy orders measured in dollars offered for stock j on dayk;andVSj,k,t −3is the sell orders measured in dollars offered for
stockj on dayk.
An alternative way to computeBSIis to utilize trade orders measured in numbers of shares. The specific formula for the second
definition ofBSIis:

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wheretis the announcement date. t−3is three days before t. Dis the number of days in the month prior to datet−3. VBj,k,t −3is the buy orders measured in dollars offered for stock j on dayk;andVSj,k,t −3is the sell orders measured in dollars offered forstockj on dayk.An alternative way to computeBSIis to utilize trade orders measured in numbers of shares. The specific formula for the seconddefinition ofBSIis:

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wheretis ngày thông báo. t-3is ba ngày trước khi t. Dis số ngày trong tháng trước datet-3. VBj, k, t -3
là lệnh mua đo bằng tiền được cung cấp cho cổ phiếu j dayk; andVSj, k, t -3is lệnh bán đo bằng tiền được cung cấp cho
stockj trên dayk.
Một cách khác để computeBSIis sử dụng đơn đặt hàng thương mại đo trong số các cổ phiếu. Công thức cụ thể cho phần thứ hai
ofBSIis định nghĩa:

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