Most stock indexes weight
securities by their market value (share price times number of shares outstanding).
Weighting a basket of
securities by market value has been the industry standard for decades, and for good reason.
Not exact matches
Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key
markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused
by the proposed tariffs
by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock price volatility causing us to recognize fair
value losses on our investment; the risk posed
by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the
Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
The Bloomberg Barclays U.S. Aggregate Bond Index measures the performance of Investment Grade
securities and is selected
by a
Market Value process.
Information regarding the intraday
value of shares of the Fund, also known as the «indicative optimized portfolio
value» («IOPV»), is disseminated every 15 seconds throughout the trading day
by the national
securities exchange on which the Fund's shares are listed or
by market data vendors or other information providers.
The weighted harmonic average of closing
market price divided
by the most recent reported book
value for each
security in the fund's portfolio as calculated for the last twelve months.
The Bloomberg Barclays U.S. Treasury STRIPS 20 - 30 Year Equal Par Bond Index measures the performance of Treasury
securities and is selected
by a
Market Value process.
Global stocks represented
by the MSCI World Index, consisting of a
market value — weighted average of the performance of about 1,350
securities on the stock exchange of selected countries.
Note that donated publicly traded partnerships — in particular master limited partnerships («MLPs»)-- are an important exception to the typical fair
market value deduction for long - term gain
securities, as the charitable deduction must be reduced
by the amount of ordinary income that would have been realized if the property had been sold at fair
market value on the date contributed.
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.
However, if the ordinary shares or ADSs are treated as traded on an «established
securities market» and you are either a cash basis taxpayer or an accrual basis taxpayer that has made a special election (which must be applied consistently from year to year and can not be changed without the consent of the IRS), you will determine the U.S. dollar
value of the amount realized in a non U.S. dollar currency
by translating the amount received at the spot rate of exchange on the settlement date of the sale.
The Funds have typically achieved their full - cycle returns through effective
security selection, and
by expanding exposure to risk on
market weakness and clipping it in richly
valued or otherwise hostile conditions.
The Bloomberg Barclays Rate Hedged U.S. Aggregate Bond Index, Negative Five Duration measures the performance of Investment Grade
securities and is selected
by a
Market Value process.
And if the fiscal problem becomes unstable — more deficit to finance than
security markets will allow, the Fed will obey its political masters and finance the deficit
by a hyper - inflation, or hyper - tax, as a burgeoning inflation simply taxes all fixed dollar wealth — bonds, dollars, life insurance
values, etc. —
by the rate of price level increase.
Securities backed by commercial real estate assets are subject to securities market risks similar to those of direct ownership of commercial real estate loans including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic c
Securities backed
by commercial real estate assets are subject to
securities market risks similar to those of direct ownership of commercial real estate loans including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic c
securities market risks similar to those of direct ownership of commercial real estate loans including, but not limited to, declines in the
value of real estate, declines in rental or occupancy rates and risks related to general and local economic conditions.
The Bloomberg Barclays U.S. MBS Index measures the performance of Agency MBS
securities and is selected
by a
Market Value process.
Because of their ability to invest in these longer duration
securities of slightly less credit quality, stable
value funds have outperformed money
market funds on average
by 150 - 200 basis points (1.50 % -2.00 %) net of fees annually over the past 20 years.
Coverage provided
by SIPC and certain Lloyd's of London and London Company Insurers does not protect against loss of
market value of
securities.
However, the Fund may experience a loss even when the entire
value of its stock portfolio is hedged if the returns of the stocks held
by the Fund do not exceed the returns of the
securities and financial instruments used to hedge, or if the exercise prices of the Fund's call and put options differ, so that the combined loss on these options during a
market advance exceeds the gain on the underlying stock index.
If the
market value of the
security basket does fall below 90 % of the ETF's NAV, the fund will ask the swap counterparty to pay the prevailing swap
value by posting (or delivering) additional
securities to top up the
security basket (and thereby increase the collateral held) back to 100 % of NAV and thereby at least temporarily reducing counterparty risk back to zero.
Public float
value: The aggregate
market value of common equity
securities held
by persons who are not affiliated with the issuer.
The index then divides the total
market value of those
securities by an index divisor, which is often different from the number of
securities in the index.
The shares of the Spain Fund, Inc., a closed - end mutual fund investing in publicly traded Spanish
securities, were bid up in price from approximately net asset
value (NAV)-- the combined
market value of the underlying investments divided
by the number of shares outstanding — to more than twice that level.
He popularized the idea that the
market is inefficient, and investors can do well
by looking for
securities priced below their intrinsic, or fair,
value.
The fund follows a
value oriented strategy and seeks to achieve its investment objective
by investing in equity and debt
securities, money
market instruments, and derivatives.
The NAV per unit is the
market value of
securities of a scheme divided
by the total number of units of the scheme on any particular date.
Global stocks represented
by the MSCI World Index, consisting of a
market value — weighted average of the performance of about 1,350
securities on the stock exchange of selected countries.
But because your yield is higher, and the
value of your funds is based on the prices of the
securities bought, money
market funds are not insured
by the federal government.
Liquidity premium is a premium demanded
by investors when any given
security can not be easily converted into cash for its fair
market value.
The total
market value is calculated
by using the real - time absolute
market value of all sellable
security types in your account including cash, margin, and short positions, as well as options
market value.
This enables the
value investor to spot and take advantage of bargains; stocks selling at a price significantly below its intrinsic — or fair —
value (the price, which the
security should be traded at as so forth the
market was governed exclusively
by intelligent buyers and sellers).
Margin of safety and the quest for bargains It was mentioned in part I that upon thorough analysis one should be able to assess a business» intrinsic
value, or fair
value, the price a
security should be trading at as so forth the
market was governed exclusively
by intelligent buyers and sellers.
The S&P 500
Value simply weights securities by market cap, whereas the selection process and the weighting scheme of the S&P 500 Enhanced Value Index assigns higher weights to those securities with bigger value attrib
Value simply weights
securities by market cap, whereas the selection process and the weighting scheme of the S&P 500 Enhanced
Value Index assigns higher weights to those securities with bigger value attrib
Value Index assigns higher weights to those
securities with bigger
value attrib
value attributes.
With the
market uncertainty about the ultimate losses in structured
securities backed
by the residential real estate mortgages, and in light of the dramatic drop in the
value of shares of publicly - traded FGIs, the FGIs face a difficult
market for new capital.
If asked to explain why Toyoda Common, as a marketable
security, sells at such a substantial discount from the
value of Toyoda's net assets, which are also measured largely
by the
market values of its portfolio
securities, the likely explanation would revolve around something called «investor expectations.»
For example, an adverse event, such as an unfavorable earnings report, may depress the
value of equity
securities of an issuer held
by the Fund; the price of common stock of an issuer may be particularly sensitive to general movements in the stock
market; or a drop in the stock
market may depress the price of most or all of the common stocks and other equity
securities held
by the Fund.
The
market value of
securities not being traded is unknown,
by definition.
Put simply, in the efficient
market hypotheses,
market prices for individual
securities in
markets populated
by OMPIs almost always reflect some sort of universally accepted
value.
Most
value investors, control investors, distress investors and venture capital promoters think, and act, more like TAVF than like
market participants affected vitally
by near - term
securities price fluctuations.
Equity risk is the risk that the
value of the equity
securities, of U.S. or non-U.S. issuers, held
by the Fund will fall due to general
market and economic conditions, perceptions regarding the industries in which the issuers of
securities held
by the Fund participate, or factors relating to specific companies in which the Fund invests.
Mine shows me book
value versus
market value,
by security, but not the specific transaction details you're looking for.
The Markit iBoxx $ Liquid High Yield Index measures the performance of High Yield
securities and is selected
by a
Market Value process.
MCT is summarized
by William F. Sharpe, a Nobel laureate and typical efficient -
market believer, when he stated in the third edition of his book, Investments, that if you assume an efficient
market, «every
security's price equals its investment
value at all times» (page 67).
Fundamental analysis attempts to analyze price information under the economic forces
by assessing the «fair
value» of a currency or
security in prevailing
market conditions.
Generally, the firm seeks investment in companies whose
securities it believes are undervalued
by the
market and can be acquired at a discount to its estimate of intrinsic
value.
So - called factor indexes (and the beta strategies that follow them), like the MSCI USA Enhanced
Value Index and iShares Edge MSCI USA Value Factor ETF (VLUE), screen for securities using multiple metrics, and weight them not by market capitalization, but by their exposure to value price multi
Value Index and iShares Edge MSCI USA
Value Factor ETF (VLUE), screen for securities using multiple metrics, and weight them not by market capitalization, but by their exposure to value price multi
Value Factor ETF (VLUE), screen for
securities using multiple metrics, and weight them not
by market capitalization, but
by their exposure to
value price multi
value price multiples.
World events such as political upheaval, financial troubles, or natural disasters can adversely affect
securities values issued
by foreign companies or regions especially in emerging
markets.
The
market values of
securities owned
by the fund will go up or down, sometimes rapidly or unpredictably.
High - yield bonds are represented
by the Bloomberg Barclays US Corporate High Yield Index, which is an unmanaged, broad - based
market -
value - weighted index that tracks the total return performance of non-investment grade, fixed - rate, publicly placed, dollar - denominated and nonconvertible debt registered with the
Securities and Exchange Commission.
My firm, Lawndale Capital Management, and the funds it manages have for over 17 years targeted capital appreciation in
securities where our research - intensive and active style can add
value by identifying and capitalizing on
market mispricing.