Funds From Operations (FFO)

Used instead of earnings to evaluate real estate investment trusts (REITs). Depreciation of real estate that was deducted from earnings is added back in to calculate FFO. Any gains or losses from the sale of real estate is also removed. 

Listed Stock

Shares of an issuer that are traded on a stock exchange. Issuers pay fees to the exchange to be listed and must abide by the rules and regulations set out by the exchange to maintain listing privileges.

Moving Average Convergence/Divergence (MACD)

This is a technical indicator that measures moving average convergence/divergence and provides a measurement of the intensity of the trading of a specific stock. It can provide early clues to trend continuation or reversal. The MACD indicator uses three exponential moving averages: a short or fast average, a long or slow average, and an average of the difference between the short and long averages. When the MACD line is rising, the implications are positive for prices: If the indicator is less than zero, the price is potentially bullish. If the indicator is greater than zero, the price is actually bullish. When the MACD line is falling, the implications are negative for prices: If the indicator is less than zero, the price is actually bearish. If the indicator is greater than zero, the price is potentially bearish.The signal line can be used to determine the entry or exit point. The signal line is a moving average of the MACD line. When signal line crosses MACD line and both lines are up, it is a buy signal. When signal line crosses MACD line and both lines are down, it is a sell signal.

Listing Application

The document that an issuer completes and submits to an exchange when it applies to list its shares on the exchange. The issuer must disclose its activities, plans, management and finances in the application.

Clearing Day

Any business day on which the clearing corporation is open to effect trade clearing and settlement.

Net Change

The difference between the previous day’s closing price and the last traded price.