Examlex
Luke gave some people street directions, but because they only nodded their heads and didn't repeat the directions back to him, he doesn't really know whether the directions were understood. Why?
Security Analysis
The process of examining and evaluating the financial health of securities for investment purposes, often involving fundamental or technical analysis.
Top-Down
An investment strategy that starts with global or macroeconomic factors before identifying specific stocks or sectors.
Bottom-Up
An investment approach that focuses on the analysis of individual stocks and de-emphasizes the significance of macroeconomic cycles and market cycles.
Derivatives
Financial securities whose value is derived from the value of an underlying asset or group of assets, such as futures and options.
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