Holding value
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Holding value is an indicator of a theoretical value of the asset that someone has in his portfolio. It is a value which sums the impacts of all the dividends that would be given to players in the future, to help them to estimate a price to buy or sell assets. This information is given to players at the beginning of the each period.
[edit] Expression
The following formula gives the holding value (HV) for an outlook from the period i to the period n.
![{HV}_{[i,n]}=\sum_{k=0}^{n-i}\frac{div(i+k)}{{(1+r)}^{n-i-k}}](http://upload.wikimedia.org/wikipedia/en/math/6/e/e/6eeebec424e5a0b0f9af0299d1a78ec3.png)
div = dividend
r = interest rate (of the money if it is kept at the bank e.g. 0,02)
i = the period at the beginning of the estimation
n = the last period considered in the window of the future dividends
