Dollar-cost averaging is a investment strategy investors can use to grow their shareholding balances over a long period.
It is also a way an investor can reduce short-term volatility in the broader equity market.
A perfect example of dollar cost averaging is its use in KiwiSaver, in which regular purchases are made regardless of the price.
To calculate the dollar cost average of the company that you are investing in we have taken the total contributions used to purchase the shares and divided it by the number of shares purchased over that period.