ETF Trading and Investing Strategies (Collection)
by Tom Lydon, Leslie N. Masonson, Marvin N. Appel
Glossary
alpha
A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund’s alpha.
bear market
A market in which the prices of securities are falling. A downturn of at least 15–20% in more than one index is considered to be the start of a bear market.
beta
A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.
blend
Also known as a hybrid fund. A category of equity mutual funds with portfolios made up of both value and growth stocks.
bond
A debt security in which the issuer owes the ...
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