Ending Market Value (EMV)

You run an investment fund. Through the fund, you hold $500 million of stock in various companies. The Ending Market Value represents the value of that stock at the end of a financial period.

You report your fund's holdings to its investors each quarter (meaning every three months). The Ending Market Value for the first quarter equals $500 million. The stock market has a bad few months after that. By the end of the second quarter, your investments are down 10% from the first-quarter total. So the Ending Market Value for the second quarter becomes $450 million.