What is the median share price?

The median share price is defined as the middle value of a dataset when the share prices are arranged in ascending or descending order. To determine the median, you would first need to organize the share prices and then identify the value that separates the higher half from the lower half. If the number of observations is odd, the median is simply the middle number. If it is even, the median is the average of the two central numbers. This measure is particularly useful because it provides a more accurate reflection of the dataset's central tendency when there are outliers or skewed data, as it is not influenced by extreme values in the same way that an average would be. This property makes the median a valuable statistic in finance and economics for understanding share price distributions.