A measurement of a company's issued shares that are currently shorted, expressed as the number of days required to close out all of the short positions. For example, if a company has average daily volume of 1 million shares and 2 million shares are currently short sold, the shares have a cover rate of 2 days (2M/1M).Also referred to as the "short-interest ratio". This ratio is somewhat unique because it measures the future buying pressure on a stock that is virtually certain to happen - short sellers must buy back shares at some point if they are to close out their positions.If a stock's price begins to rise significantly, investors who have short sold the stock will quickly begin to close out their positions (by purchasing shares off the open market), creating buying pressure for the stock and driving the price up even more. If a previously lagging stock turns very bullish, the buying action of short sellers can result in extra upward momentum and increased losses for short sellers who are slow to close out their positions. The longer the days to cover, the more pronounced this effect can be.
The currency abbreviation or the currency symbol for the Iceland króna (ISK), the currency of Iceland. The króna is divided into 100 aurar and is often presented with the symbol kr. This currency has earned the nickname "Icelandic crown" in the financial markets because the english translation is "crown", and because of króna's relation to the latin word corona, meaning crown. |||The króna was first seen in 1922 in coin form, followed by notes in 1929. The currency was revaluated in 1981, and only whole krónur (plural of króna) have been used since 2002. Currency trading was suspended during the Icelandic banking collapse in 2008.
A method of budgeting in which the activities that incur costs in every functional area of an organization are recorded and their relationships are defined and analyzed. Activities are then tied to strategic goals, after which the costs of the activities needed are used to create the budget. Activity based budgeting stands in contrast to traditional, cost-based budgeting practices in which a prior period's budget is simply adjusted to account for inflation or revenue growth. As such, ABB provides opportunities to align activities with objectives, streamline costs and improve business practices. By looking at the cost structure of an organization via the processes that are actually being performed, managers can more effectively analyze the profit potential of a company's products and services. Cost efficiencies can be found by comparing activities performed in different areas of the organization and consolidating or rerouting certain functions. At its essence, activity-based budgeting begins by looking at results and the activities that created them, as opposed to cost-based budgeting, which often begins with raw input and material and works outward. ABB can also help firms create more accurate financial forecasts.
A stock trader who holds positions for a very short time (from minutes to hours) and makes numerous trades each day. Most trades are entered and closed out within the same day. This is a highly speculative practice. The reality is that most day traders lose money.
The currency abbreviation or currency symbol for the Iranian Rial is U+FDFC, the currency for Iran. The rial is made up of 100 dinar but actually has no official symbol. U+FDFC is the standard keyboard position denoting the currency, which is also quoted in a superunit of 10 known as the toman. |||The rial was first seen in 1798 in coin form but was replaced by the quiran in 1825. It was instituted again in 1932, and for decades the highest value note printed was the 10,000 rial bill. 20,000 rial bills began circulation in 2003, followed by 50,000 rial bills in 2007.
This refers to the physical location in a brokerage where securities are kept. These securities are usually held as collateral for customers' margin positions. Also known as open box.
A market-wide directional movement, or a market condition in which most stocks and sectors are moving in the same direction. These movements are usually caused by market-wide events. If you hear in the financial media that the "stock market is up across the board", it means that most of the stocks in the market are up on that day's trading. The term comes from the NYSE big board, a large board on which stock prices were once written; when the majority of prices were up or down, the movement was shown "across the board".
The Borse-Dusseldorf exchange is located in Dusseldorf, Germany. It provides information and consulting services in addition to functioning as an exchange. It offers the QUOTRIX trading system for securities and GEFOX for closed-end funds. Most of the clients and members of the exchange are situated in North Rhine Westphalia. However, many companies in northern Germany also use them. Subscribers who join their free Quality Service Club can get real-time quotes from the exchange directly online.