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Equities & Finance Glossary – Terms Starting with A
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Top Searches for Stock Markets & Equities
More popular stocks & investing search terms from What the World is Searching on Stock Markets
See also: What the World is Searching on Stocks & Stock Markets – a comprehensive list of popular search terms related to stock markets & stock investing
Finance & Equities Definitions A-Z – A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, Z
Terms Starting with A
Actual EPS The actual Earnings Per Share (EPS) growth for the indicated period.
Address The headquarters address of the company as provided in its latest financial statement.
A/D Line The Advance/Decline (A/D) Line is the most widely used indicator measuring market breadth. It represents a cumulative total of the number of stocks advancing versus the number of stocks declining. When the A/D Line rises it means that more stocks are rising than declining (and vice versa).
The Breadth Advance/Decline (A/D) Indicator is the number of advancing issues divided by the total number of both advancing and declining issues. Readings above 0.5 are considered bullish, while readings below 0.5 are considered bearish. The noncumulative Advance/Decline (A/D) Daily Line is calculated by subtracting the number of declining issues from the number of advancing issues and then dividing that figure by the total number of issues traded: (Advancing issues - Declining issues) / (Total number of issues traded). Generally, values above 0.25 are considered bullish, while values below -0.25 are considered Bearish. In our online price charts, the A/D Line is calculated for all markets, and the appropriate market indicator is automatically selected for your focus security. For example, if you are analyzing a chart on IBM which trades on the NYSE and you choose the A/D Line, the system will automatically apply the A/D Line for the NYSE.
Advanced Search Advanced searches return specific, highly-targeted lists of candidate stock investments. Advanced searches let you create and run custom searches based on any combination of over 100 criteria. For example, you can search on criteria related to sector, valuation, growth, trading and volume, earnings announcements, profitability and management, technical analysis, and more. You can enter or select precise criteria values for each of your selected criteria. See Advanced Searches for complete details.
For Exchange Traded Funds (ETFs), advanced searches return specific, highly-targeted lists of candidate ETF investments. ETF advanced searches let you create and run custom searches based on any combination of criteria. For example, you can search on criteria related to sector, performance, trading volume, volatility, and more. You can enter or select precise vales for the criteria you select.
Analyst Coverage (Current Quarter) The number of analysts submitting earnings estimates for a specified time period.
Analyst Coverage is an indicator of how closely a company is watched. The more closely watched a company is, the less likely it is that there will be positive or negative surprises that could cause large changes in value. However, the less closely watched a company is, the more likely you are to find value that others have not yet found.
Argus Research Argus Research is an independent research firm that follows approximately 400 companies. Argus uses a proprietary top-down, fundamental system of ratings. The system begins with an industry analysis, including forecasts from Argus' Economist. Next, in a growth analysis, Argus analysts generate proprietary forecasts for Target Universe companies. Analysts study ratios to understand profitability, liquidity, and capital structure as part of a financial strength analysis. Argus analysts meet with corporate management teams. Quantitative trends and qualitative threats are assessed under a risk analysis. In a valuation analysis, Argus' model integrates a historical ratio matrix, discounted cash flow modeling, and peer comparison. Based on these analyses, Argus gives each stock it covers one of three ratings:
A stock rated BUY is expected by an analyst to beat the market on a risk-adjusted basis over a 12-month period. Beta is the risk measure. Market forecasts are set by the Market Strategist. Target prices are set by Analysts. A stock rated HOLD is expected to perform in line with the market. A stock rated SELL is expected to underperform the market.
Arms Index (TRIN) The Arms Index, calculated by dividing the Advance/Decline Ratio by the Upside/Downside Ratio, shows the relationship between stocks that are advancing or declining in price, and the volume associated with them.
The Arms Index is a short-term trading tool. The goal of the indicator is to determine if volume is flowing into advancing or declining stocks and by what magnitude. The Arms Index was first published by Richard W. Arms, Jr. in 1967. Typically, the Arms Index is interpreted as bullish when it is below 1.0, and bearish when it is above 1.0.
Ask The lowest price a dealer or market maker will accept for a security.
Ask Exchange The exchange or market from which the ask price was quoted (e.g., NYSE, NASDAQ).
Ask/POP For stock and option quotes, the highest price at which someone who owns shares is willing to sell the security.
Ask Size The number of round lots (100 shares per lot) offered at the ask price. For example, an ask size of 20 represents 2,000 shares (20 round lots at 100 shares per lot).
Asset Turnover A measure of how efficiently assets are being used to produce revenue. Asset Turnover is calculated by dividing net sales by total assets for a specified period. Time periods include:
Most Recent Quarter (MRQ) as an annualized figure Trailing Twelve Months (TTM) Asset Turnover is useful when comparing companies within an industry. Higher Asset Turnover usually means that the company is being run efficiently.
Assets Current assets plus net property, plant, and equipment, plus other non-current assets, including intangible assets, deferred items, and investments and advances. "Assets" is the sum of:
Current Assets - Total Cash and other assets (such as inventories and receivables) expected to be realized in cash or used in the production of revenue within the next 12 months. Property, Plant, and Equipment (Net) - Total The cost, less accumulated depreciation, of tangible fixed property used in the production of revenue. Investment & Advances - Equity Long-term investments and advances to unconsolidated subsidiaries and affiliates in which the parent company has significant control (e.g., goodwill and receivables). Investment & Advances - Other Long-term investments and advances to unconsolidated subsidiaries and affiliates in which the parent company has significant control. Intangible Assets - Total The un-amortized value of intangible assets (e.g., patents, copyrights, and import quotas). Assets - Other - Total Non-current assets that cannot be classified as property, plant and equipment/tangible fixed assets, investments and advances, or intangible assets (e.g., deferred taxes or other costs, acquisition costs, claims in litigation, long-term inventory, etc.).
Ativo Research Ativo Research, formerly Callard Research, is a member of Best Independent Research (BIR), a consortium owned by six research organizations. It was created in 2002 to offer investors exposure to many of the top independent research firms previously available only to institutional investors. BIR's research firms were selected because of their strong past performance, which they must maintain to remain a provider in BIR.
Chuck Callard was a pioneer in the field of quantitative finance. His groundbreaking theoretical work, combined with decades of empirical observation, has confirmed that stock prices ultimately reflect fair values. Instead of trying to predict short-term stock price movements, Ativo Research focuses on valuing the underlying business and its risk, then determining if both the value and the risk are already priced into the stock.
Ativo uses the following terms in their assessment of a stock's potential performance over the next twelve-month period:
BUY Most Favorable Expected to outperform the Standard & Poor's 500 (S&P 500) and be among the stocks with the highest returns BUY Favorable Expected to outperform the S&P 500 index and have above-average returns HOLD Neutral Expected to perform in line with the S&P 500 and have similar returns SELL Unfavorable Expected to underperform the S&P 500 and have below-average returns SELL Most Unfavorable Expected to underperform the S&P 500 and be among the stocks with the lowest returns. Back Authorized Participant An entity chosen by an Exchange Traded Fund (ETF) to obtain the underlying assets needed to create shares of an ETF. Typically, authorized participants are large institutional organizations, such as market makers or specialists. Authorized participants transact directly with the ETF on an "in kind" basis in a process known as creation/redemption.
Average Annual Total Return A hypothetical rate of return that, if achieved annually, would have produce the same cumulative total return if performance had been constant over the entire period. Average annual total returns smooth out variation in performance; they are not the same as actual year-by-year results.
Average Daily Return (%) Ratings Performance (%) divided by Duration (in days).
Average Duration A weighted-average term-to-maturity of a bond's cash flows; the weights being the present value of each cash flow as a percentage of the bond's full price. Duration is the distance to the fulcrum that would balance the seesaw. The greater the duration of a bond, the greater its percentage volatility. In general, duration rises with maturity, falls with the frequency of coupon payments, and falls as the yield rises (the higher yield reduces the present values of the cash flows). For a portfolio of bonds such as in an Exchange Traded Fund (ETF), average duration is the weighted average duration of each of the bond holdings, computed by weighting each bond's effective maturity by the market value of the security.
Average Maturity (Average Weighted Maturity) A weighted average of all the maturities of the bonds in a portfolio. Average maturity takes into consideration all mortgage prepayments, puts, and adjustable coupons. Longer–maturity funds are generally considered more interest rate-sensitive than their shorter counterparts.
Average Recommendation for StarMine Top-Ranked Firms The average recommendation (provided by Investars) of firms that have a StarMine Ranking of 68 or higher.
Average Trading Volume The total volume for the previous three months divided by the number of trading days in the previous three months.
Average Volume The total Volume for the previous three months divided by the number of trading days in the previous three months. Compare this number to the daily volume to see if investor interest in the stock has increased or decreased.
Avg. Daily Volume The monthly average of the cumulative trading volume during the last three months, divided by 22 days.
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