The current downloader downloads Market Capitalization data for the US Stock market companies that trade in the New York stock exchange (NYSE), NASDAQ and OTC.
A stock market capitalization could be considered as the company's net worth.
It is calculated by multiplying the company stock price by the number of shares outstanding.
If a company X trades at 20$ and it has 1 million shares outstanding then its market capitalization is 20 million dollars.
The stock market capitalization varies along with the company share price, thus you should run this downloader periodically, once a week or once a month or even once a day if you need fresh data.
This item downloads the stock market capitalization data for all US companies, more than 6000, and then inserts the data into a custom database.
The database name is 'fund' and the field name is 'mktcap'. You can of course change that if you would like to have a different database or field name.
To get the exact value of the net company worth or its capitalization you should multiply the downloaded data by a million. If for example Google has a value of 13521, then it means that it has a market capitalization of 13 billion and 521 million dollars.
This data could be very helpful in conducting analysis, besides many other metrics or ratios could be derived from it.
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