Quoted

Quoted, when used to describe companies, means a company that is dealt on an exchange.

HCOB PMI

HCOB PMI is an acronym for the Hamburg Commercial Bank Purchasing Managers’ Index – a measure of economic activity. PMI is defined here. HCOB is now endorsing PMI’s produced for the Eurozone, Germany, France, Italy and Spain.

Large cap

In the US, large cap tends to mean companies with a market capitalisation in excess of $10bn. However, in the UK we tend to think about large cap stocks being those in the FTSE 100 Index. The market cap threshold to qualify for that varies over time but it is roughly £4bn. For QuotedData’s purposes […]

Treasury notes

Treasury notes represent debt issued by the US government that has a maturity less than a Treasury bond but longer than a Treasury bill – in other words more than one year but less than 20 years. Like Treasury bonds, Treasury notes pay a fixed annual interest payment (coupon) in six-monthly instalments and repay a […]

WALE

WALE is an abbreviation of Weighted Average Lease Expiry. It is used by property companies as an indicator of the average remaining life of the leases within their portfolios, taking into account the size. This can be the size of either expected income or space. Therefore large tenants can shift the balance of things, especially […]

leverage

Leverage is basically using debt or sometimes derivatives to magnify returns.

SOCIMI

SOCIMI is an acronym for Sociedades Anónimas Cotizadas de Inversión Inmobiliaria which in English means Listed Real Estate Investment Companies. They are the Spanish equivalent of REITs.

Amortising

Amortising is the process whereby a loan is paid off gradually by making additional payments to the lender in addition to interest payments. Loans can amortise to zero or amortise to a balloon payment.

QT

QT is an acronym for quantitative tightening – the reverse of quantitative easing. Central banks can shrink their balance sheets through QT, either passively – by allowing bonds to mature and not replacing them – or organically – by selling them.

CAPM

CAPM is an acronym for the Capital Asset Pricing Model. It suggests that the expected return on an investment is equal to the return on the risk-free rate of interest (usually the yield on a government bond with an equivalent life) plus the expected excess return of the market for that investment (in other words […]

Z score

Z score is an indicator of how far away a number is away from the mean (average) of a group of numbers. It is calculated as (the difference between the number and the mean of the group of numbers) divided by (the standard deviation of the group of numbers)

Glossary

Quoted