Market intelligence
What Does Points per $1 Mean?
Points per $1 is an estimated sensitivity: the approximate index-point effect associated with a one-dollar move in a constituent, using the app's reference inputs.
What problem does this solve?
The Points per $1 label on a card needs interpretation.
Quick answer
Pts/$1 estimates the S&P point effect of a hypothetical $1 move in that stock: reference index level × IVV weight ÷ stock price.
Steps
- Read the stock's Pts/$1 label and Index weight in the S&P 500 card.
- Separate a one-dollar stock move from a one-percent stock return; they are different for most prices.
- Read S&P points as an estimate; the fallback reference is SPY's prior daily close × 10 unless a reviewed index reference is available.
What you should see
A sensitivity number helps compare potential index-point effect per stock-price dollar; it does not say the stock actually moved one dollar.
If it still doesn't work
If the number looks inconsistent, record the symbol, reference level, weight or divisor source, and timestamp before contacting support.
Screenshot or video
A real app capture will go here.
No screenshot or video has been approved for this topic yet. This reserved location will only show genuine Market Watch 360 material.
public/images/help/help-points-per-dollar.pngNo video URL registeredOfficial sources
Still need help?
Tell us what you're seeing.
Include the app version and steps that reproduce the issue. Never include passwords, Alpaca API secrets, or payment-card information.