A slang technical analysis term referring to a rounding bottom in a stock's price pattern. This term got its name from Jennifer Lopez's curvy figure; she is often criticized (or praised) for her round bottom. Traders like the rounding bottom in a stock pattern because it can be an indication of a positive market reversal, meaning expectations are gradually shifting from bearish to bullish.
The return that an asset achieves over a period of time compared to a benchmark. The relative return is the difference between the absolute return achieved by the asset and the return achieved by the benchmark. Relative returns are most often used when reviewing the performance of a mutual fund manager. Because holders of mutual funds are charged management fees, they expect a manager to achieve returns higher than the benchmark index. For example, if the fund you are holding achieves an absolute return of 12% over the past year while the benchmark index provides a return of 15%, then the fund has achieved a relative return of -3% for the year.
A set of systematic guidelines used by auditors when conducting audits on companies' finances, ensuring the accuracy, consistency and verifiability of auditors' actions and reports. |||By relying on GAAS, auditors can minimize the probability of missing material information. GAAS are divided into these main sections: 1) General standards 2) Standards of fieldwork3) Standards of reporting Each section is littered with requirements that the auditor and the subject company must meet. In short, an auditor must adequately plan the audit in advance, be independent of the client at all times, and always obtain reliable evidence. The companies must present their financial statements in accordance with GAAP, remain consistent in their reporting, and explicitly disclose all pertinent information.
Switzerland's national center for public statistics, the FSO produces and disseminates key statistical information showing the current status and trends in the areas of demographics, economy, society, planning and the environment. The FSO's vision is to deliver statistical information to sustain the democratic process in Switzerland. The information it provides helps shape public opinion, facilitate policy making and enable assessment of government action in the nation. |||The FSO celebrated the 150th anniversary of its founding in 2010, as its predecessor - the Statistical Office of the Federal Department of Home Affairs - was established in 1860. The FSO was previously dispersed over eleven different sites in Bern, but was moved to Neuchatel in 1998, with all its activities consolidated in a single location.
1. A slang term referring to the strengths and weaknesses of a company's financial statements. 2. An asset that suddenly increases or decreases in value. 3. A senior manager's good and bad qualities, or the polarized views between two key officers within a corporation. This term is derived from R. L. Stevenson's "The Strange Case of Dr Jekyll and Mr Hyde." Dr Jekyll, the atypical good scientist, unleashes his dark side, nicknamed Mr Hyde, through self-experimentation. Although Jekyll and Hyde have contradictory natures, they are one and the same person. 1. At first glance Jekyll and Hyde financial statements may seem to show strong performance, but a closer look reveals covert weaknesses. 2. Volatile stock that fluctuates widely in price is an example of a Jekyll and Hyde. 3. If two officials of a company both envision important but conflicting goals, it is called a Jekyll and Hyde situation.
A mutual fund that confines itself to investments in securities from a specified geographical area, such as Latin America, Europe or Asia. A regional mutual fund will generally look to own a diversified portfolio of companies based in and operating out of its specified geographical area. However, some regional funds can also be set up to invest in a specific segment of the region's economy, such as energy. For the investor, the primary benefit of a regional fund is that he/she increases his/her diversification by being exposed to a specific foreign geographical area. These funds are practical for the average investor, since most people wouldn't have enough capital to adequately diversify themselves across many investments in the region.Regional funds select securities that pass geographical criteria. They are not to be confused with other mutual funds such as international funds, which attempt to provide investors with a diversified portfolio spanning the globe, or country funds, which provide investors with diversified exposure to companies in one specific nation.
Privately held corporations with public purposes created by the U.S. Congress to reduce the cost of capital for certain borrowing sectors of the economy. Members of these sectors include students, farmers and homeowners. |||GSEs carry the implicit backing of the U.S. Government, but they are not direct obligations of the U.S. Government. For this reason, these securities will offer a yield premium over Treasuries. Some consider GSEs to be stealth recipients of corporate welfare. Examples of GSEs include: Federal Home Loan Bank, Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Farm Credit Bank and the Resolution Funding Corporation.
The rate at which the vega of an option or warrant will change over time. DvegaDtime is the second order derivative of the value of the option - once to volatility (vega) and once to time. DvegaDtime is part of the group of measures known as the "Greeks" (other measures include delta, gamma and vega) which are used in options pricing models such as the Black-Scholes. When looking to express DvegaDtime for a single day, investors should divide by 36,500 (or 25,200 if calculating for trading days). This is different than charm or color, which are divided by 365 to obtain the daily value. Unlike many of the other "Greeks", DvegaDtime does not have a Greek letter associated with it.