A measure of a company's financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit (adjusted for taxes on a cash basis). (Also referred to as "economic profit".)The formula for calculating EVA is as follows: = Net Operating Profit After Taxes (NOPAT) - (Capital * Cost of Capital) |||This measure was devised by Stern Stewart & Co. Economic value added attempts to capture the true economic profit of a company.
A type of stock fund that invests in mid-sized companies. A company's size is determined by its market capitalization, with mid-sized firms generally ranging from $2 billion to $10 billion in market cap. Most stocks held in a mid-cap fund are firms with established businesses that are still considered developing companies. These funds tend to offer more growth than large-cap stocks and less volatility than the small-cap segment.The size restrictions for a mid-cap stock fluctuates between funds. The range of $2 billion to $10 billion is only an approximation, and it can change over time.
A volatility index on the Chicago Board Options Exchange, known by its ticker symbol VXN. The VXN is a measure of implied volatility for the Nasdaq 100 (NDX). The VXN is calculated using the same methodology as the VIX. The VXN represents the implied volatility of a hypothetical 30-day option that is at the money.
In currencies, this is the abbreviation for the Seychelles Rupee. |||The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
什么是自营交易 自营交易是指投资银行利用自有资金和融入资金直接参与证券市场交易并承担风险的一项业务。 目录 1自营交易的内容 2自营交易的条件 3自营交易的特点 4自营交易的原则 自营交易的内容 1.做市业务:投资银行为证券交易制造市场,通过为证券交易报价为证券市场创造流动性的一项业务。 2.自营交易业务:在二级市场中投资银行通过自己的帐户用自有或筹措资金进行交易,获取差价的业务。这时候投资银行称为交易或Trader. (1).无风险套利(Arbitrage)--在两个或两个以上不同市场中,以不同价格同时对同一种类证券进行交易,利用市场差价获利。 (2).风险套利(Risk arbitrage)(在不同时间进行的)包括两种类型: 对债务重整公司的风险套利 对收购兼并公司的风险套利 (3).投机 自营交易的条件 拥有证券业法人资格、遵守证券法规、有一定的经营规模,注册资本达到法定标准,证券从业务人员和管理人员达到规定人树,有固定营业场所和必要设施。 自营交易的特点 投资银行必须投入一定量的资金,以满足资金周转需要 主要目的是获取买卖差价 不须缴纳手续费 自行承担交易风险 自营交易的原则 经纪业务优先原则 公平交易原则 公开交易原则 维护市场秩序原则 严格内部管理原则
1. A person who is a visionary. 2. A company that alters its business strategy and conceives an entirely new business plan. This type of company switches up and forms a new business strategy in order to compete directly or indirectly with competitors. A game changer changes the way that something is done, thought about or made. 1. A game changer has new and different ideas that stand out from the crowd. This person has an idea that completely changes the way a situation develops. Companies employ this tactic to create ideas or events that change the outcome of a plan. 2. A visionary strategist uses creative innovation to alter their business plans, or conceives an entirely new plan by exploring new locations and different products.
An organization formed in 1984 by the Financial Accounting Standards Board (FASB) to provide assistance with timely financial reporting. The EITF holds public meetings in order to identify and resolve accounting issues occurring in the financial world. |||This group consists mainly of accountants from large public firms, but it also includes the chief accountant of the SEC on its board. The main purpose of the task force is to identify emerging issues and resolve them with a uniform set of practices before divergent methods arise and become widespread.
A collection of funds from individual investors that are pooled together in order to obtain wholesale prices and rates unavailable for regular investors. This is kind of like bulk shopping. When you offer to buy more securities, companies are willing to give a better rate. Therefore, a group of investors can combine their assets for greater leverage.