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Book To Market

The ratio of an entity's book equity to its market equity. In other words, it relates the original value of...

Bond Ratio

A financial ratio that is calculated by dividing the total value of bonds due after one year by the total market capitalization: It...

Artificial Constructed Beta

A value of beta (systematic risk measure) that is constructed artificially when market-generated betas are not available (or cannot be estimated). To...

Alpha Core

The construction of a portfolio using active returns (alpha) as the primary driver of the construction process, instead of asset class betas. More specifically, this...

A/E Ratio

A financial ratio that relates assets to owners' equity. It is a measure of the proportion of total assets financed by a...

Assets-To-Equity Ratio

A financial ratio that relates assets to owners' equity. It is a measure of the proportion of total assets financed by a...

HPY

It stands for holding period yield; a yield measure that constitutes the holding period return of a fixed-income instrument. For...

Holding Period Yield

A yield measure that constitutes the holding period return of a fixed-income instrument. For an instrument with a single cash...

DIV

It refers to dividends per share (DPS); a financial ratio that relates cash dividends to total shares outstanding. That is:...

Duration Gap

A tool that measures the mismatch between a firm's assets and liabilities. It is a measure of the sensitivity of...