The Capital Asset Pricing Model (CAPM) describes the relationship between systematic risk and expected return for assets, particularly stocks. CAPM is widely used throughout finance for pricing risky securities and generating expected returns for assets given the risk of those assets and cost of capital.
Month: February 2020
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Wirehouse
A wirehouse is a term used to describe a full-service broker-dealer. Modern-day wirehouses range from small regional brokerages to large institutions with global footprints. The term was coined when brokerage firms were connected to their branches primarily through private telephone and telegraph wires. This network connection enabled branches to have instantaneous access to the same market information as the head office, thereby allowing brokers to provide up-to-date stock quotes and market news to clients.
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Extended Trading
Extended trading is trading conducted by electronic networks either before or after the regular trading hours of the listing exchange. Such trading tends to be limited in volume compared to regular trading hours when the exchange is open.
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Unsponsored ADR
An unsponsored ADR is an American depositary receipt (ADR) that a depositary bank issues without the involvement, participation – or even the consent – of the foreign issuer whose stock underlies the ADR. The issuer therefore has no control over an unsponsored ADR, in contrast to a sponsored ADR where it retains control.
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Who has the most gold?
According to fool.com on “Which Country Has the Most Gold Reserves?”
| United States | 1 | 8,133.5 | 75.3% |
| Germany | 2 | 3,373.6 | 71% |
| Italy | 3 | 2,451.8 | 68.3% |
| France | 4 | 2,436.0 | 64.6% |
| Russia | 5 | 1,880.5 | 17.9% |
| China | 6 | 1,842.6 | 2.4% |
| Switzerland | 7 | 1,040.0 | 5.5% |
| Japan | 8 | 765.2 | 2.6% |
| Netherlands | 9 | 612.5 | 67.5% |
| Turkey | 10 | 591.0 | 21.9% |
| India | 11 | 558.1 | 5.8% |
| Taiwan | 12 | 423.6 | 3.9% |
| Portugal | 13 | 382.5 | 63.6% |
| Saudi Arabia | 14 | 322.9 | 2.8% |
| United Kingdom | 15 | 310.3 | 8.6% |
| Kazakhstan | 16 | 307.0 | 41.3% |
| Lebanon | 17 | 286.8 | 22.2% |
| Spain | 18 | 281.6 | 17.3% |
| Austria | 19 | 280.0 | 50.9% |
| Belgium | 20 | 227.4 | 36.7% |
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Adverse Possession
Adverse possession is a legal doctrine that allows a person who possesses or resides on someone else’s land for an extended period of time to claim legal title to that land. If successful in proving adverse possession, the claimant is not required to pay the owner for the land.
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Worden Stochastics
The Worden Stochastics indicator represents the percentile rank of the most recent closing price compared to all of the other closing values over a specified lookback period. Traders use the indicator to determine if a particular security is overbought or oversold, to provide trade signals, and spot divergences which could signal a price reversal.
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Itemized Deduction
An itemized deduction is an expenditure on eligible products, services, or contributions that can be subtracted from adjusted gross income (AGI) to reduce your tax bill. Such deductions permit taxpayers who qualify to potentially pay less in taxes than if they opted to take the standard deduction, a fixed dollar amount that varies only by filing status. Allowable itemized deductions, sometimes subject to limits, include such expenses as mortgage interest, charitable gifts, and unreimbursed medical expenses.
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Tobacco Tax/Cigarette Tax
A tobacco or cigarette tax is imposed on all tobacco products by various levels of government to fund healthcare programs. The tax mainly contributes to cancer research and smoking prevention and cessation programs. The idea behind the cigarette tax is that it would lead to a reduction in the demand for tobacco products, especially among youths.
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Work-in-Progress (WIP)
The term work-in-progress (WIP) is a production and supply-chain management term describing partially finished goods awaiting completion. WIP refers to the raw materials, labor, and overhead costs incurred for products that are at various stages of the production process. WIP is a component of the inventory asset account on the balance sheet. These costs are subsequently transferred to the finished goods account and eventually to the cost of sales.