Glossary

Is the minimum lending rate of the central bank for any given country.

A common unit of measure (1/100th of one percent) used to describe the percentage change in value of a financial instrument or interest rates.

An investor sentiment derived from a pessimistic belief that the financial markets (or any financial instrument within) is going to fall in value.

A price chart pattern that represents asharp downtrend on high volume followed by generally sideways activity of gradually higher highs and higher lows.

A long-term market trend where the prices of securities have declined by a significant (15-20)percentage and drives sustained pessimism among investors.

Occuring within a bear market cycle, two technical indicators are moving in opposing directions signaling an approaching change in trend.

A Candlestick price chart pattern where a large black candlestick fully engulfs a small white candlestick appearing just prior.

Market indexes such as the Dow Jones Industrial Average, the S&P 500, or the Russell 2000 are used for comparison purposes by Portfolio Managers to evaluate portfolio performance.

Beta measures the volatility of a stock’s return relative to the S&P 500. A higher beta value represents a higher probability of risk.

Is the price in a given market for which an asset may be sold (conversely, it is also the price at which it may be bought). The bid price is usually displayed with the amount of the asset which the buyer is prepared to buy.