How to read the result
Percentage changes aren't symmetric: a 50% rise followed by a 50% fall doesn't return you to the start, because each percentage is taken from a different base. This is why a stock that drops 50% must rise 100% to recover.
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Percent change measures how much a value has increased or decreased relative to its starting point. It's used everywhere — price changes, investment returns, growth rates — and the key is that the change is always measured against the original value.
Percent change = (New − Old) ÷ |Old| × 100
Old is the starting value, New is the ending value. A positive result is an increase, a negative result a decrease. The denominator is the original value, which is why the same absolute change is a bigger percentage from a smaller base.
Percentage changes aren't symmetric: a 50% rise followed by a 50% fall doesn't return you to the start, because each percentage is taken from a different base. This is why a stock that drops 50% must rise 100% to recover.