We know that assets tend to become more risky as they increase in price and less risky after price declines, yet the majority of investors react to
asset price changes without understanding that chasing performance often means chasing higher risk.
Perhaps the more important catalyst for
asset price changes of late is Chinese economic slowing rather than fears of Grexit?»
Asset price changes are increasingly in two camps: safe and risky.
Our forecasts and hence policy are becoming increasingly driven by
asset price changes.
The SAFE said that of the 2015 drop in foreign exchange reserves, $ 342.3 billion was due to trade and investment transactions while $ 170.3 billion was caused by currency and
asset price changes.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of
changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any
changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future
pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan
assets and the impact of future discount rate
changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase
price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of
changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and
changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such
changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse
changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The latest
change in tone may also reflect an additional concern - that low interest rates are fostering financial instability by promoting bubbles in
asset prices and stimulating excessive credit creation.
In the opinion of the Company's management, adjusted book value per share is useful in an analysis of a property casualty company's book value per share as it removes the effect of
changing prices on invested
assets (i.e., net unrealized investment gains (losses), net of tax), which do not have an equivalent impact on unpaid claims and claim adjustment expense reserves.
The composition of the
asset class
changes dramatically, with bitcoin comprising less than half of the total market cap as
assets including ether, xrp, and dash skyrocket in
price.
After all, when a central bank influences the cost of financing through
changes in the policy interest rate, its actions affect the economy by
changing asset prices, encouraging or discouraging risk taking, and influencing credit flows.
Posted by Jeff Rubin on November 17th, 2014 under SmallerWorldTags: carbon tax, climate
change, oil
prices, Stranded
assets • 3 Comments
Allergan Plc's chief executive on Monday said he was opposed to fundamental
changes to the drug company's business strategy, even as its board considers drastic moves like splitting the company, selling off
assets or doing deals to turn around a steep drop in its share
price.
The FOMC's annoucement after their meeting on Wednesday affirmed the Fed's QE3 policy, offering no
changes, while stating, «If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage - backed securities, undertake additional
asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of
price stability.»
A bond fund with a longer average maturity will see its net
asset value (NAV) react more dramatically to
changes in interest rates as the
prices of the underlying bonds in the portfolio increase or decline.
This set of monetary policies affects financial
asset prices in a different way compared to
changes in short - term interest rates, and we should be humble about what we claim about understanding the importance of this distinction.
An array of measures is selected from the overall credit supply (or what is the same thing, debt securities) to represent «money,» which then is correlated with
changes in goods and service
prices, but not with
prices for capital
assets — bonds, stocks and real estate.
As with the Net
Asset Value, the public offering
price (POP) will typically
change on a day to day basis.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret
changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible
assets; volatility in commodity, energy and other input costs;
changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives;
changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy;
changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law
changes or interpretations;
pricing actions; and other factors.
That said, people with higher incomes and higher net worth tend to be sensitive to the impact of interest rates
changes on
asset prices.
Furthermore, carbon - heavy industries are not immune from disruption, nor are
asset prices from regulatory efforts to mitigate climate
change risk.
UNG's investment objective is for the daily
changes in percentage terms of its shares» net
asset value to reflect the daily
changes in percentage terms of the natural gas
price delivered at the Henry Hub, La., as measured by the daily
changes in the benchmark futures contract minus expenses.
Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive
prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact of the anticipated decline in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid
change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments in Venezuela and the impact of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's ability to manage inventory and
asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management
changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible
assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological
changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
These risks and uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform, labor and insurance costs; technology failures; failure to execute a business continuity plan following a disaster; health concerns including virus outbreaks; the intensely competitive nature of the restaurant industry; factors impacting our ability to drive sales growth; the impact of indebtedness we incurred in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's restaurant operations; a lack of suitable new restaurant locations; higher - than - anticipated costs to open, close or remodel restaurants; increased advertising and marketing costs; a failure to develop and recruit effective leaders; the
price and availability of key food products and utilities; shortages or interruptions in the delivery of food and other products; volatility in the market value of derivatives; general macroeconomic factors, including unemployment and interest rates; disruptions in the financial markets; risk of doing business with franchisees and vendors in foreign markets; failure to protect our service marks or other intellectual property; a possible impairment in the carrying value of our goodwill or other intangible
assets; a failure of our internal controls over financial reporting or
changes in accounting standards; and other factors and uncertainties discussed from time to time in reports filed by Darden with the Securities and Exchange Commission.
This form of investment is appropriate for those instances when the investor believes he understands which path the trading
assets price will take, but is not sure of the amount of
change there will be in the
price and over what length of time.
An interesting fact about this trading approach is that a lot of financial institutions are basing their positions on the same pivot point and buying and selling large volumes, which has a direct impact on the
price changes of the
assets.
The longer the remaining time, the longer the
asset price will have to
change direction.
In the March 2009 version of their paper entitled «In Search of Attention», Zhi Da, Joseph Engelberg and Pengjie Gao investigate the link between investor attention and
asset pricing dynamics based on the levels of and
changes in the Google Search Volume Index.
How this all plays out for the different constituents in the digital
asset world (miners, investors, traders, funds, etc) will beget certain actions which will beget
changes in the short - term
price of digital
assets.
There was no
price -
changing news on Arlington
Asset Investment Corp (AI).
This suggests Bitcoin
price movements are smooth, like a normal distribution, rather than characterized by fat tails, jumps and
changes in volatility like most
assets.
The
prices of financial instruments and the underlying
assets will be influenced by, among other things,
changing national and international political and economic events and the prevailing conditions of the relevant marketplace.
Since I wrote about BNCC.pk, a lot has
changed with the company: the stock
price has nearly quintupled, the
assets and equity have both skyrocketed, and the company has been increasing earnings at unfathomable rates (year - over-year earnings growth was 505 %).
After all, each day, when investment
prices change, your
asset allocation will also
change.
Stratis, $ STRAT / BTC, Poloniex, Brief, Last
price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets,
price, Volume, Remarks,
Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets,
Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital,
assets, tags
While any announcement is likely to cause a dramatic response from the financial markets — all the more so because few markets seem to be
pricing in the possibility of a
change in tack at the moment — we don't foresee a quick end to the ECB's
asset - buying program.
To illustrate this, just take a look at how our economy has
changed since financial institutions inflated
asset prices in the housing market until the bubble burst in 2007.
The global central banks, which had «underwritten» the 9 year rally in
asset prices, were in the process of «
changing their ways.»
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel
prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships;
changes in fuel
prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our
assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future
changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the
price of, or major
changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions;
changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
When you carry out dynamic hedging, you hedge an
asset by selling futures in a way that ensures that the position is adjusted frequently to adapt to
changes in the basis between the hedged
asset and the
price of the futures contract.
Liquidity, which refers to a financial
asset's ability to be bought or sold quickly without
changing its
price, is another important factor to consider.
Industry sources said Asahi had paid too much for
assets, only to be squeezed by Woolworths and Coles, a
price war in bottled water with Coca - Cola Amatil and
changing consumer consumption habits, including a shift away from sugary soft drinks and juice.
The midfielder is under contract until 2017, and while Zenit are not looking to sell one of their most valuable
assets, they may
change their tune if the
price was right.
CoreSource, our proprietary Digital
Asset Management and Distribution system, simplifies title releases,
price adjustments, pre-publications, and other metadata
changes by consolidating all your metadata in one place.
If you start
changing your
asset mix every time you think stock
prices are ready to rise or fall — pouring more money into equities to capitalize on upswings, selling to avoid downturns — you've abandoned the concept of
asset allocation and turned investing into a guessing game.
Delta is a measure of the sensitivity of
price changes in the option relative to
price changes in the underlying
asset.
The textbook definition is this: «Delta is the ratio comparing the
change in the
price of the underlying
asset to the corresponding
change in the
price of a derivative.»
Gamma measures the rate of
change of an option's delta, which is the difference between an option's
price change compared to
price change of the underlying
asset.
If the
price of the
asset increases, the seller must pay the
change in value.
Total return accounts for two categories of return: income including interest paid by fixed - income investments, distributions or dividends and capital appreciation, representing the
change in the market
price of an
asset.
In this case, the investor does not actually own the
asset, but receives profit or takes a loss based on the
price changes of the
asset.