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Average Down Calculator

Find your new average cost after buying more of a position at a lower price.

Your figures

Method

How it works

Add the quantity and price from the original purchase, then the quantity and price from the additional purchase. The calculator combines both costs and divides them by the total number of shares.

The result is a weighted average, so a larger purchase has a greater effect than a smaller one. The change metric compares the new average with the first purchase price.

Common questions

Frequently asked questions

Does the second purchase have to be at a lower price?

No. A higher second price will increase the average instead of reducing it.

Are fees included?

No. Enter prices that already reflect any costs if you want to account for fees.

Why is this not a simple average of two prices?

Each price is weighted by its share quantity, so unequal purchases cannot be averaged by adding the prices and dividing by two.

Not financial advice. This calculator is for general informational purposes only. Check figures independently before making financial decisions.