In the book The Intelligent Investor, Jason Zweig mentions the annual turnover rate for stocks on the NYSE, that is the average amount of time investors and mutual funds held stocks that they purchased.
I think the turnover rate for the market as a whole or individual stocks may be indicative of the degree of price change an investor should expect over time. Personally, I would avoid investing in stocks with a high turnover rate. Knowing the average turnover rate of the market may give investors a baseline with which to compare that of specific companies
Where can I find this information for the market today? I would like to compare the current turnover rate to the that of different past time periods.