Menhinick Index

From Open Risk Manual


The Menhinick Index is a simple metric useful for the purpose of measuring diversity.


The index is only applicable for categorical data where all observations can be classified into a finite number of categories (species, types etc)

More precisely, if we have n observations values and a total of S categories, then the D index is defined as

I = \frac{S}{\sqrt N}


Open Source implementations of the Menhinick index are available in

See Also