Skip to main content

Analytics metrics explained - price test

Joan at ABConvert avatar
Written by Joan at ABConvert
Updated yesterday

Before start reading this article, please make sure you have checked the price test method you're using, so you can navigate to the correct part directly.

Understanding two data types in duplicate variant method and cart transform method

We offer both storewide and product view based data to ensure flexibility in analysis. Storewide data provides a broad view of how tests impact overall store performance, while product view based data focuses on individual product metrics. This dual approach helps you align data insights with your specific testing goals.

Storewide data (default)

Aggregates storewide data during the test period. Add-to-carts, checkouts, and orders in the entire store will be recorded. This view can provide insights into overall user behavior across all products. This view is beneficial for understanding broader trends and user interactions with your store as a whole.

Product view based data

Focuses on metrics specific to each product, such as product views and actions taken on individual products. This view helps analyze performance at a granular level, useful for understanding how specific products are performing under different test conditions.

How to change your data type?

Simply go to the test’s analytics page and click the third dropdown where it shows "Storewide data". From there, you can switch between 2 data types.

the dropdown in analytics dashboard to switch between storewide data and Product view data

Understand three display level views in breakdown table

When you run a price test with multiple products, you may want to review how each product performs instead of only looking at the overall test results. This guide shows you how to switch between group, product, and variant-level views in your price test analytics.

  • Test group level: Shows aggregated performance for each test group

    product level in price test breakdown table
  • Product level: Breaks down all metrics by product, so you can compare how each product performed inside the same price test

  • Variant level: Shows metrics for each variant of a product. Use this if your products have multiple variants and you want deeper insights

    product level in price test breakdown table

How to switch between display levels

  1. (Duplicate product method please skip this step)
    Select "Product view data" in the Data source dropdown (the third dropdown) in your analytics page first

  2. Scroll down to Breakdown table below, you can see the Display dropdown

    Scroll down to Breakdown table below, you can see the Display dropdown

Analytics metrics explained - duplicate product method

Sample size

Metric

Definition

Formula

Total Views

  • Number of product page views

  • Based on session storage in the browser, each product page viewed in a unique tab/session counts once

  • If a visitor views two test products in one session, it counts as 2 views

Conversion rates

Metric

Definition

Formula

Add to cart

  • Percentage of views that resulted in adding test products to cart

  • The event is recorded once per product per session

  • Adding the same product multiple times in one session counts as one event, while adds in different sessions are counted separately

# of Add to Cart Events / # of Views

Checkout

  • Percentage of product views that led to the checkout page

  • The event is tracked once per product per session

  • It will automatically logs an Add to Cart event if it hasn’t occurred yet.

# of Checkout Events / # of Views

Order

  • Percentage of product views that led to an order

  • The order event is recorded once per product per order

  • If there are two test products in one order, it will record two order events

# of Orders / # of Views

Average metrics

Metric

Definition

Formula

Average order product value

  • Average revenue per ordered test product

  • Only revenue from test products is included

  • Different test products in the same order are counted as separate order events

Total revenue of all test products / # of order events

Profit per product view

  • Average profit per product view

Total Profit / # of Views

Breakdown table

Metric

Definition

Formula

Views

Total number of product page views for the test group

Cost

Cost for each variant, shown at Display > Variant level

Add To Carts

Total number of add to cart events for the test group

Checkouts

Total number of checkout events for the test group

Orders

Total number of order events for the test group

Revenue

Total revenue generated by test products for the test group

(Product price × Quantity) - Discounts

Product Sold

Total quantity of test products sold for the test group

Ad Spent

Total advertising spend attributed to the test group

ROAS

Revenue generated divided by ad spend

Revenue / Ad Spend

Profits

Total revenue from test products minus cost of goods sold (COGS), based on Shopify COG data and product quantities

Total Revenue - (COGS × Quantity Sold)

Profit Margin (%)

Profit as a percentage of revenue

(Profit / Revenue) × 100

Average Order (Product) Value

Average revenue per order (across all test products)

Revenue / Number of Orders

Conversion Rate

Percentage of views that led to an order

Orders / Views

Revenue per visitor (view)

Average revenue per product view

Revenue / Views

Profit per visitor (view)

Average profit per product view

Profit / Views

Analytics metrics explained - duplicate variant method (storewide data)

Sample size

Metric

Definition

Formula

Total sessions

  • Number of sessions of the store

  • A session is recorded as long as a visitor enters any pages

  • Session in our definition is 30 minutes and is set in browser cookie

Conversion rates

Metric

Definition

Formula

Add to cart

  • Percentage of sessions that resulted in adding test products to cart

  • The add to cart event is session based and it will record at most once per session

# of add to cart events / # of sessions

Checkout

  • Percentage of sessions that led to the checkout page

  • The checkout event is session based and it will record at most once per session

  • It will automatically record an add to cart event if there is no add to cart in the session

# of checkout events / # of sessions

Order

  • Percentage of sessions that resulted to an order that includes any test products

  • The order event is recorded once per order

# of orders / # of sessions

Average metrics

Metric

Definition

Formula

Average order value

  • Average value of test products in orders

Total revenue / # of Orders

Revenue per session

  • Average revenue generated per session

Total revenue / # of sessions

Breakdown table

Metric

Definition

Formula

Views

Total number of sessions for the test group

Add To Carts

Total number of add to cart events for the test group

Checkouts

Total number of checkout events for the test group

Orders

Total number of orders for the test group

Revenue

Total revenue generated in the order that contain test products (if a customer buys a $50 test product along with $100 of non-test products, storewide mode reports $150+ in revenue)

Total product value + Shipping + Tax - Discounts

Profits

Total profit calculated after setting up shipping cost and profit margin

Total revenue * profit margin - shipping cost * (# of orders)

Profit Margin (%)

Profit as a percentage of revenue

(Profit / Revenue) × 100

Average Order Value

Average value of all orders

Total revenue / # of orders

Conversion Rate

Percentage of sessions that resulted to an order that includes any test products.

# of orders / # of sessions

Revenue per session

Average revenue generated per session

Total revenue / # of sessions

Average units per order

Average number of test product units sold per order

Total units sold / # of orders

Analytics metrics explained - duplicate variant method (product view data)

Total views

Metric

Definition

Formula

Total Views

  • Number of product page views

  • Based on session storage in the browser, each product page viewed in a unique tab/session counts once

  • If a visitor views two test products in one session, it counts as 2 views

Conversion rates

Metric

Definition

Formula

Add to cart

  • Percentage of views that resulted in adding test products to cart

  • The event is recorded once per product per session

  • Adding the same product multiple times in one session counts as one event, while adds in different sessions are counted separately

# of add to cart events / # of views

Checkout

  • Percentage of product views that led to the checkout page

  • The event is tracked once per product per session

  • It will automatically logs an Add to Cart event if it hasn’t occurred yet.

# of checkout events / # of views

Order

  • Percentage of product views that led to an order

  • The order event is recorded once per product per order

  • If there are two test products in one order, it will record two order events

# of orders / # of views

Average metrics

Metric

Definition

Formula

Average order product value

  • Average revenue per ordered test product

  • Only revenue from test products is included

  • Different test products in the same order are counted as separate order events

Total revenue of all test products / # of order events

Profit per product view

  • Average profit per product view

Total profit / # of Views

Breakdown table

Metric

Definition

Formula

Views

Total number of product page views for the test group

Cost

Cost for each variant, shown at Display > Variant level

Add To Carts

Total number of add to cart events for the test group

Checkouts

Total number of checkout events for the test group

Orders

Total number of order events for the test group

Revenue

Total revenue generated by test products for the test group

(Product price × Quantity) - Discounts

Product Sold

Total quantity of test products sold for the test group

Ad Spent

Total advertising spend attributed to the test group

ROAS

Revenue generated divided by ad spend

Revenue / Ad Spend

Profits

Total revenue from test products minus cost of goods sold (COGS), based on Shopify COG data and product quantities

Total Revenue - (COGS × Quantity Sold)

Profit Margin (%)

Profit as a percentage of revenue

(Profit / Revenue) × 100

Average Order (Product) Value

Average revenue per order (across all test products)

Revenue / Number of Orders

Conversion Rate

Percentage of views that led to an order

Orders / Views

Revenue per visitor (view)

Average revenue per product view

Revenue / Views

Profit per visitor (view)

Average profit per product view

Profit / Views

Analytics metrics explained - cart transform method (storewide data)

Sample size

Metric

Definition

Formula

Total sessions

  • Number of sessions of the store

  • A session is recorded as long as a visitor enters any pages

  • Session in our definition is 30 minutes and is set in browser cookie

Conversion rates

Metric

Definition

Formula

Add to cart

  • Percentage of sessions that resulted in adding test products to cart

  • The add to cart event is session based and it will record at most once per session

# of add to cart events / # of sessions

Checkout

  • Percentage of sessions that led to the checkout page

  • The checkout event is session based and it will record at most once per session

  • It will automatically record an add to cart event if there is no add to cart in the session

# of checkout events / # of sessions

Order

  • Percentage of sessions that resulted to an order that includes any test products

  • The order event is recorded once per order

# of orders / # of sessions

Average metrics

Metric

Definition

Formula

Average order value

  • Average value of test products in orders

Total revenue / # of Orders

Revenue per session

  • Average revenue generated per session

Total revenue / # of sessions

Breakdown table

Metric

Definition

Formula

Session views

Total number of sessions for the test group

Add to carts

Total number of add to cart events for the test group

Checkouts

Total number of checkout events for the test group

Orders

Total number of orders for the test group

Revenue

Total revenue generated in the order that contain test products (if a customer buys a $50 test product along with $100 of non-test products, storewide mode reports $150+ in revenue)

Total product value + shipping - discount - Tax

Average order value

Average value of all orders

Total revenue / # of orders

Conversion rate

Percentage of sessions that resulted to an order that includes any test products.

# of orders / # of sessions

Revenue per session

Average revenue generated per session

Total revenue / # of sessions

Average units per order

Average number of test product units sold per order

Total units sold / # of orders

Analytics metrics explained - cart transform method (product view data)

Total views

Metric

Definition

Formula

Total views

  • Number of product page views

  • Based on session storage in the browser, each product page viewed in a unique tab/session counts once

  • If a visitor views two test products in one session, it counts as 2 views

Conversion rates

Metric

Definition

Formula

Add to cart

  • Percentage of views that resulted in adding test products to cart

  • The event is recorded once per product per session

  • Adding the same product multiple times in one session counts as one event, while adds in different sessions are counted separately

# of add to cart events / # of views

Checkout

  • Percentage of product views that led to the checkout page

  • The event is tracked once per product per session

  • It will automatically logs an Add to Cart event if it hasn’t occurred yet.

# of checkout events / # of views

Order

  • Percentage of product views that led to an order

  • The order event is recorded once per product per order

  • If there are two test products in one order, it will record two order events

# of orders / # of views

Average metrics

Metric

Definition

Formula

Average order product value

  • Average revenue per ordered test product

  • Only revenue from test products is included

  • Different test products in the same order are counted as separate order events

Total revenue of all test products / # of order events

Profit per product view

  • Average profit per product view

Total profit / # of Views

Breakdown table

Metric

Definition

Formula

Views

Total number of product page views for the test group

Cost

Cost for each variant, shown at Display > Variant level

Add to carts

Total number of add to cart events for the test group

Checkouts

Total number of checkout events for the test group

Orders

Total number of order events for the test group

Revenue

Total revenue generated by test products for the test group

(Product price × Quantity) - Discounts

Product sold

Total quantity of test products sold for the test group

Ad spent

Total advertising spend attributed to the test group

ROAS

Revenue generated divided by ad spend

Revenue / ad spend

Profits

Total revenue from test products minus cost of goods sold (COGS), based on Shopify COG data and product quantities

Total revenue - (COGS × quantity sold)

Profit margin (%)

Profit as a percentage of revenue

(Profit / revenue) × 100

Average order product value

Average revenue per order (across all test products)

Revenue / # of orders

Conversion rate

Percentage of views that led to an order

# of orders / # of views

Revenue per visitor

Average revenue per product view

Revenue / # of views

Profit per visitor

Average profit per product view

Profit / # of views

Did this answer your question?