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Unions often have the power to push wages above competitive levels.
Market Return
The total return of an investment market, comprising both capital gains and dividends or interest, over a given period.
Risk-Free Rate
The theoretical return on an investment with no risk of financial loss, typically represented by the yield on government bonds.
Beta
A measurement of a stock's volatility in relation to the overall market; a beta above 1 indicates that the stock's price is more volatile than the market, while a beta below 1 indicates less volatility.
Portfolio
A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs).
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