Dictionary
- Passive Portfolio
- A market index portfolio.
- Pink Sheet/Penny Stocks
- Daily listings of price quotations for thousands of over-the-counter securities not traded on Nasdaq. Published on pink paper by the National Quotation Bureau (a unit of Commerce Clearing House), the pink sheets list stocks that are smaller, newer, and generally riskier and less actively traded than those listed on Nasdaq and the other traditional exchanges. Penny stocks are highly speculative stocks that do not trade on any of the major exchanges. Penny stocks are prone to all sort of speculative bubbles, trading inefficiencies and other difficulties. They are quite risky
- Pip/Point
- The smallest unit of price for any foreign currency (e.g., for USD/CHF one point (or pip) equals .0001 Swiss Francs and for USD/JPY one point (or pip) equals 0.01 Japanese Yen)..
- Points and Figures Chart
- A chart, which plots only price. X's are place in boxes representing up days; and O's are placed in boxes representing down days.
- Portfolio Тurnover
- An annualized rate found by dividing the lesser of purchases and sales by the average of portfolio assets.