A quartile is a specific percentile. First, second, third quartiles are 25th, 50th and 75th percentiles respectively. As discussed in the percentile calculations post the position of the pth percentile item, i = (p/100) * n where n is the total numbers in the data sample.
Calculate these quartiles as described in the post. If a fund falls under top quartile (percentile greater than 75) is considered for investment.
Sathish Emmadi
Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.
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- Percentile – Calculating Percentile
- Basic Mathematics for Finance
- Arithmetic Mean
- Median and Mode
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