Alpha

Alpha: a statistical measure of a security’s price volatility caused by factors other than the stock market as a whole. (vs. Beta) Beta: A statistical measure of the price volatility of a of a security in relation to the entire stock market’s volatility. For example, a Beta of 2.0 indicates Read more…

Agency:

Agency: (1) Government Securities issued by entities other the U.S. Treasurey (2) A transaction in which the broker-dealer acts as agent (Broker). See also. Agent. Agent: A securities firm acting on behalf of a client. The agent act as intermediary between buyer and seller, undertaking no financial risk, and, and Read more…

Aftermarket:

The Secondary Market. Used in reference to trading in a new issue. See also: Effective Date. Secondary Market: The trading in existing or out-standing securities (vs. new issues). Secondary market transactions take place on exchanges or over-the-counter. Effective Date: The day on which the SEC (Securities Exchange Commission) permits a Read more…