Change Value From Previous Close Formula in Excel

The Change Value From Previous Close formula in Excel, offered by MarketXLS, allows you to quickly identify how much a security's price has moved since the previous closing price. This helps you track potential gains or losses at a glance, making it easier to analyze stock performance and act on market shifts promptly.

Understanding Change Value From Previous Close

• Purpose: Determines the price difference of a security from yesterday’s closing value.
• Key Benefits:
  • Helps identify gains or losses in real time.
  • Aids in quick market analysis without manual calculations.
  • Useful in creating watchlists or dashboards to monitor multiple symbols simultaneously.
• When to Use:
  • Anytime you need to compare the latest trading price to the previous heartbeat of the market.
  • When evaluating market volatility or daily performance of stocks, ETFs, mutual funds, crypto, or indices.

Syntax and Parameters

=Change(Symbol)

Return Value:

• Returns a numeric value representing the price change from the previous close.
• If the symbol is invalid, the function returns "NA".

?? Note: The function will return "NA" if you do not have a valid license or if an error occurs during data retrieval.

Examples and Usage

Below are some common usage examples leveraging different symbol formats:

1. Using a regular stock symbol:

   =Change("MSFT")

   Returns the change in Microsoft's stock price from its previous close.

2. For an index:

   =Change("^SPX")

   Returns the change in the S&P 500 Index from the last close.

3. For an option:

   =Change("@MSFT 110122C00020000")

   Retrieves the change in the specified MSFT option contract from the previous close.

4. For a crypto pair:

   =Change("BTCUSD:DEFAULT")

   Returns the price change for Bitcoin in USD from the previous close.

? Pro Tip: Combine Change with other MarketXLS formulas like Ask Price, Open Price, or Last Price to build a comprehensive Excel-based trading dashboard.

Common Questions

1. What if I get “NA” for a valid symbol?

   • Double-check your MarketXLS license validity and internet connection. Make sure the ticker symbol is accurate.

2. Does the function support historical dates?

   • The Change function retrieves the difference from the most recent previous close. It does not require a date parameter.

3. Can I automate updating values in Excel?

   • Yes. MarketXLS updates can be automated within Excel’s recalculation settings or by using custom macros for refreshing data at regular intervals.

4. What about performance considerations?

   • The Change function is generally lightweight. However, using it excessively (e.g., hundreds or thousands of cells at once) may affect performance depending on your internet speed and system resources.

5. Related Functions:

   • Ask Price: Retrieve the lowest current selling price.
   • Open Price: Access the first traded price at the market open.
   • Last Price: Get the most recent trading price.
   • Stream Data from QM Data Bundles: Obtain real-time streaming quotes.
   • Stream Ask: Monitor real-time ask price for specified symbols.