Market Cap
Price × circulating supply — a quick size check, not intrinsic value.
Definition
Market capitalization multiplies the last price by circulating supply. It is a sizing heuristic researchers use to compare relative scale across assets.
Why researchers care
- Compare like-with-like narrative peers by market cap band.
- Ignore market cap without float and liquidity context.
- Rank alone is not a thesis.
Related terms
Put vocabulary into practice on the Alphora research desk or browse the research blog.