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Mastering the calculation of ex-dividend and ex-rights is an essential financial literacy for investors. When a company distributes dividends, the stock price is theoretically adjusted based on the dividend or stock split ratio. If you can accurately understand this mechanism, you can better evaluate your investment returns. This article will approach the topic from a practical perspective, using formulas, examples, and step-by-step explanations to help you quickly grasp the core logic of ex-dividend and ex-rights calculations. As of February 2026, according to announcements from the Taiwan Stock Exchange and the OTC Market, ex-dividend and ex-rights remain the most common methods of dividend distribution in the public market.
Quickly Get Started by Grasping Core Concepts
Before performing ex-dividend and ex-rights calculations, first understand a few common terms:
Ex-dividend refers to the situation when a company distributes cash dividends; on the ex-dividend date, the stock price will be adjusted downward, and investors holding the stock can receive the cash dividend.
Ex-rights refers to when a company distributes stock dividends, conducts a rights issue, or increases capital; the stock price will be proportionally adjusted to reflect the increase in the number of shares.
Stock rights, bonus shares

A swing trader experienced significant losses amid market fluctuations, with their unrealized gains dropping from $2.87 million to just $30,000, highlighting the "greed trap" in swing trading. Failure to take profits in time resulted in an unrealized loss of $472,000, emphasizing the importance of establishing a take-profit strategy.

Shan Shi, the founder of Vanke, once led China's real estate market with idealistic business principles, voluntarily giving up enormous wealth and power in an effort to build a conscientious enterprise. However, Vanke's recent operational decline and massive losses have exposed the conflict between its ideals and reality. His persistence and choices, despite being questioned, have also set a benchmark for future generations in business and ethics, demonstrating the difficulties of idealism in market competition.

On Friday, the Japanese Yen against the US Dollar experienced intense fluctuations, with a volatility exceeding 1%, drawing market attention. This volatility is related to the Bank of Japan's policy decisions, with traders showing clear sensitivity to policy changes. The Yen exchange rate is approaching historical intervention levels, and the market is watching for potential official intervention. Analysts have differing opinions on the causes of the volatility, which may be triggered by market sentiment leading to a chain reaction. This event once again reminds the market that when exchange rates approach sensitive levels, policy expectations and emotional reactions tend to intensify.

The ranking landscape of the virtual currency market is undergoing continuous reshaping. Whether you are an experienced investor or a newcomer, understanding the logic behind virtual currency rankings can help you better grasp market opportunities. Through the latest market capitalization data and technological innovation analysis, we can gain insights into the development direction of today's digital asset ecosystem.
This analysis is based on the latest market data as of February 2026, covering the market capitalization, technical features, and investment characteristics of the top ten mainstream virtual currencies, helping investors find their way through the complex digital asset maze.
Market Leaders: The Dual Monopoly of BTC and ETH
Bitcoin(BTC): The Steady Market Cap Leader
Bitcoin, as the world's first virtual currency, firmly holds the top position in market cap rankings. As of February 2026, BTC's circulating market cap has reached $1,412.46 billion, nearly tripling compared to two years ago.
As a development by anonymous developers

Bearish sentiment refers to the market facing downward pressure due to negative factors. Investors need to identify market signals and develop response strategies. Through proper planning and risk assessment, bearish periods can be transformed into investment opportunities, helping investors stay calm amid volatility and make rational decisions.

The long-short ratio is an important indicator in cryptocurrency trading that measures market sentiment by reflecting the strength of bullish versus bearish traders. A high long-short ratio indicates strong bullish sentiment, while a low ratio suggests increasing bearish sentiment. It can guide trading decisions but should be used in conjunction with other technical indicators, and caution should be taken in extreme situations to avoid misjudgments. Successful trading strategies require integrating the analysis of the long-short ratio, fundamentals, and risk management.

Cardano has recently experienced a price adjustment, dropping to approximately 22,000 KRW ($0.27). Despite sluggish market trading, large holders have accumulated over 454 million ADA, reflecting optimistic sentiment among institutional investors. Small investors, on the other hand, continue to sell, creating a reverse trend of "whales buying, retail selling." Technical analysis indicates that support at the lower level may be around 22,000 KRW. Analysts have differing predictions for future price movements, and risks still exist. Investors should exercise caution and conduct thorough assessments.

The correlation between the US stock market and the cryptocurrency market is becoming increasingly evident. Recently, the impact of tech earnings reports has been limited, as the market has already priced in these factors. If weakness appears, the downside risk is significant. Bitcoin's movement is synchronized with the US stock market, and Federal Reserve policies have a profound influence. It is advisable to adopt a profit-taking strategy rather than blindly short, in order to seize trading opportunities amid market volatility.

The ascending triangle is a common bullish pattern in technical analysis, indicating strengthening buying pressure. A breakout above the resistance line is a trading signal, but it should be confirmed with volume and used to calculate target prices. Although this pattern typically suggests an upward move, caution should be taken for potential downward breakouts, and it is recommended to combine it with other indicators for risk management.

In early 2026, the Japanese Yen experienced extreme fluctuations, triggering panic in the crypto market and causing assets like Bitcoin to plummet significantly. The Yen's appreciation forced arbitrage traders to sell risk assets, reflecting a rise in global risk aversion. Political turmoil in the United States intensified regulatory uncertainties, leading to decreased investor confidence in the crypto market. Gold regained market trust during this period, while Bitcoin showed signs of fragility. The market is currently adjusting, with close attention to technical support levels. Long-term investors may consider buying on dips.

Recently, Ethereum prices have experienced significant adjustments, but technical data indicates a rebound opportunity is brewing, and the market has entered oversold territory. Large holders' positions remain stable, suggesting potential accumulation at low levels. It is recommended to adopt a long-biased strategy, set up two-tier buy points and risk management measures, and emphasize trading discipline and stop-loss.

The article discusses the hidden risks of the USD1 incentive program and the illusion of its high annualized returns, pointing out that short-term subsidies of the incentive mechanism are difficult to sustain. It also analyzes Lista DAO's sustainable revenue model, emphasizing that participants should shift their mindset from short-term arbitrage to long-term planning and ecosystem co-creation in order to reduce risks and achieve genuine growth in profits.

The true significance of the crypto market lies in whether it can sustain profits over the long term, rather than simply making money. Successful individuals understand the importance of consensus upgrades and information asymmetry, seize opportunities, and maintain their conviction during market downturns. This conviction requires support from multiple dimensions, and paying attention to behavioral changes is key to surviving volatility. Ultimately, the core appeal of the crypto world is its freedom and equality.

VC projects refer to venture capital investments, focusing on financing high-growth potential companies to support startup development. Many investors have misconceptions about this model, overly pursuing quick listings while neglecting the fundamentals of the projects. To avoid investment traps, investors need to conduct independent research, thoroughly understand all aspects of the projects, and establish an independent judgment framework. This will help improve the success rate of VC investments.