A company estimates the future profitability of a trade made today and books a profit today based on the present value of those estimated future profits.
Archives
Total Number of Shares
The total number of issued and outstanding shares for the security.
GARP
Growth at a reasonable price. A strategy of buying stocks whose price/earnings ratio is equal to or less than the estimated annual earnings growth rate.
Total Return Index Value (TRIV)
Similar to the stock price index value (SPIV), except that the TRIV is based on the aggregate, float quoted market value of the index constituents (SPIV) plus their paid dividends/distributions. TRIV is calculated only at the end of the trading session for all S&P/TSX indices.
Generally Accepted Accounting Principles (GAAP)
Accounting rules and procedures established by the Financial Accounting Standards Board, an independent self-regulating organization.
Trading Halt
A trading halt is imposed by the exchange, usually due to the dissemination of news that might impact a stock’s price.
Geographic Funds
Mutual funds specializing in a specific geographic area such as Europe.
Trading Issue
The status of a listed security of an issuer whose trading privileges are active on the Exchange.
GICS
The Global Industry Classification Standard (GICS) is a consistent set of global economic sector and industry definitions. GICS are used to classify the constituents of many indices worldwide. GICS is a four-level classification system. The four levels are: sector, industry group, industry, and sub-industry. Standard & Poor’s and Morgan Stanley Capital International (MSCI), two providers of global indices, jointly launched GICS in 1999.
Trading Number
The unique, 3-digit number assigned to each Participating Organization and Member to identify it for market transparency.