Palladiumasset_classes
Palladium is a rare platinum-group metal primarily used in automotive catalytic converters; in financial markets, it is treated as a commodity and traded via futures, options, exchange-traded funds (ETFs), and other inst…
Terms starting with “P”
77 definitions found.
Par Valuefixed_income
Par value, or face value, is the amount the issuer promises to repay the bondholder at maturity. It also serves as the base for calculating periodic coupon payments.
Parabolic SARtechnical
The Parabolic SAR, short for Parabolic Stop and Reversal, is a trend-following technical indicator that places dots on a price chart above or below the price to indicate potential reversals and to help define a trailing …
Partial Fillmicrostructure
A partial fill is an order execution in which only part of the specified quantity is completed, with the remainder left unfilled or resting in the order book depending on the order type and venue rules.
Passive Returnrisk_portfolio
Passive return is the portion of a portfolio's total return that arises from market movements when the portfolio follows a passive strategy, such as index tracking. It reflects the benchmark's performance, net of fees an…
Passively Managed Fundasset_classes
A passively managed fund is an investment fund that aims to mirror the performance of a designated market index by holding the same securities in the same proportions (or via a representative sample), rather than attempt…
PCE Price Indexmacro
The PCE Price Index measures changes in prices for goods and services purchased by households, as published by the U.S. Bureau of Economic Analysis. PCE stands for Personal Consumption Expenditures.
PEG Ratio (Price/Earnings Growth)styles
PEG Ratio (Price/Earnings Growth) is a valuation metric that compares a company's price-to-earnings ratio to its expected earnings growth rate. It is used to evaluate whether growth prospects are reflected in the price.
Pegged Ordermicrostructure
A pegged order is a type of limit order whose price automatically re-prices based on a reference price (such as the inside market or the National Best Bid and Offer (NBBO) midpoint) with a fixed offset.
Pennanttechnical
A pennant is a short-term technical analysis continuation pattern formed after a sharp price move. It is characterized by converging trendlines that create a small triangle and a brief period of consolidation before the …
Per Capita Gross Domestic Productmacro
Per Capita Gross Domestic Product (GDP per capita) is the total value of a country's goods and services produced in a period divided by its population, providing a rough measure of average economic output per person.
Personal Consumption Expenditures (PCE)macro
Personal Consumption Expenditures (PCE) is a measure of household spending on goods and services in the United States. It is a primary component of gross domestic product (GDP) and a key gauge of consumer demand.
Personal Consumption Expenditures (PCE) Price Indexmacro
The Personal Consumption Expenditures (PCE) Price Index is a price index published by the U.S. Bureau of Economic Analysis that tracks changes in prices for goods and services purchased by households, using chain-weighte…
Personal Consumption Expenditures Price Indexmacro
The Personal Consumption Expenditures Price Index (PCE Price Index) is a broad price index that measures changes in the prices of goods and services purchased by U.S. households.
Personal Consumption Expenditures Price Index (PCE Price Index)macro
The Personal Consumption Expenditures Price Index (PCE Price Index) is a chain-weighted price index published by the U.S. Bureau of Economic Analysis that tracks changes in the prices of goods and services purchased by h…
Pessimism Biasbehavioral
Pessimism bias is a cognitive bias in which people tend to overestimate the likelihood and impact of negative outcomes and underweight positive possibilities.
Phillips Curvemacro
The Phillips Curve is a macroeconomic concept that describes an inverse relationship between the unemployment rate and the inflation rate in the short run. It suggests that lower unemployment may coincide with higher inf…
Physical Settlementderivatives
Physical settlement is a settlement method for derivative contracts where the obligation is satisfied by delivering the underlying asset to the holder, rather than paying a cash amount. It contrasts with cash settlement,…
Physically Settledderivatives
Physically settled describes a settlement method in derivatives where, at expiration, the contract is fulfilled by delivering the actual underlying asset rather than settling a cash amount.
Piercing Patterntechnical
Piercing Pattern is a two-candle candlestick pattern used in technical analysis that signals a potential reversal to the upside in a downtrend; the second candle opens below the first close and closes above the midpoint …
Pivot Pointtechnical
A Pivot Point is a calculated reference price used in technical analysis to identify potential intraday support and resistance levels. It is typically computed from the prior period's high, low, and close.
Pivot Pointstechnical
Pivot points are a set of calculated levels used in technical analysis to identify potential intraday support and resistance derived from the previous period's high, low, and close.
Plain Vanilla Swapderivatives
A plain vanilla swap is a standard interest rate derivative in which two parties exchange fixed-rate and floating-rate interest payments on a notional amount, with no principal exchanged.
Platinumasset_classes
Platinum is a precious metal traded as a commodity; in investing terms, it is considered part of the precious metals asset class and is accessed through physical metal, futures contracts, and exchange-traded products.
Policy Ratemacro
Policy rate is the interest rate set by a country's central bank to influence monetary policy and guide short-term borrowing costs.
Portfolio Diversificationrisk_portfolio
The practice of spreading investments across multiple asset classes and holdings to reduce the impact of a single investment's poor performance on overall results.
Portfolio Optimizationrisk_portfolio
Portfolio optimization is the process of selecting asset allocations to maximize a measure of expected return for a given level of risk, or minimize risk for a given expected return, using mathematical models and constra…
Portfolio Returnrisk_portfolio
The portfolio return is the overall percentage change in the value of a portfolio over a specified period. It is calculated as the weighted average of the returns on the portfolio's assets.
Portfolio Volatilityrisk_portfolio
Portfolio volatility is a measure of how much a portfolio's returns vary over time. It is usually expressed as the standard deviation of periodic returns, often annualized.
Position Sizingrisk_portfolio
Position sizing is the process of determining how large a security position should be in a portfolio. It is typically based on risk tolerance, available capital, and a defined risk per position to manage overall portfoli…
Positive Convexityfixed_income
Positive convexity is a property of fixed-income securities where price increases at an increasing rate as yields fall and decreases at a decreasing rate as yields rise, giving a convex (upward-curving) price-yield relat…
Post-Only Ordermicrostructure
A post-only order is a limit order that is eligible to be posted to the limit order book as maker liquidity. If the order would immediately match against existing resting orders, it is canceled or converted so it does no…
Potential Gross Domestic Productmacro
Potential Gross Domestic Product (potential GDP) is the level of real GDP that an economy can sustain over the long run with normal utilization of its labor and capital, given current technology and institutions.
Potential Gross Domestic Product (Potential GDP)macro
Potential Gross Domestic Product (Potential GDP) is the level of real Gross Domestic Product that an economy can sustain over the long run without accelerating inflation, given current resources, technology, and institut…
Potential Outputmacro
The level of real GDP the economy can sustain over the long run without generating inflationary pressures, given current resources, technology, and institutions. It represents the economy’s maximum sustainable productive…
Premiumfixed_income
Premium is the amount by which a fixed-income security's market price exceeds its face value (par). It typically arises when the security's coupon payments are higher than current market yields, causing investors to pay …
Premium to NAVasset_classes
Premium to NAV is when a fund's market price per share trades at a price higher than its per-share net asset value (NAV). The premium is expressed as a percentage of NAV.
Prepaid Expensesfundamental
Prepaid expenses are payments made in advance for goods or services that will be consumed over future periods and are recorded as current assets until the related benefit is realized.
Prepayment Riskfixed_income
Prepayment risk is the risk that borrowers repay principal on a fixed-income security earlier than expected, reducing the instrument's future cash flows and potentially altering the realized yield.
Present Valuefixed_income
Present value is the current worth of a future stream of cash flows, discounted back to today using an appropriate rate. In fixed income, it is used to price bonds by discounting each expected coupon payment and the prin…
Price Discoverymicrostructure
Price discovery is the process by which the market price of an asset is established through the interaction of bids, asks, and trades, incorporating new information over time.
Price Improvementmicrostructure
Price improvement occurs when an order is filled at a price more favorable to the trader than the current best available price (the National Best Bid and Offer, NBBO) at the moment of execution.
Price Levelmacro
The price level is a broad measure of the average prices of goods and services in an economy at a given time, typically represented by a price index such as the Consumer Price Index (CPI) or the GDP deflator.
Price Momentumstyles
Price momentum is a style factor that measures the rate of price change over a defined look-back window, typically ranking assets by their recent price performance. It reflects the tendency of assets with stronger recent…
Price Stabilitymacro
Price stability is the economic condition where the general level of prices remains relatively constant over time, avoiding persistent inflation or deflation.
Price to Book (P/B)fundamental
Price-to-Book (P/B) ratio is a valuation metric that compares a company's market value to its accounting book value, computed as the stock price per share divided by the book value per share.
Price To Book Ratiostyles
The price-to-book ratio (P/B) compares a company's market price per share to its book value per share, calculated as price per share divided by book value per share (BVPS).
Price to Book Ratio (P/B)fundamental
The price-to-book ratio (P/B) compares a company’s current market price per share to its book value per share, computed as price per share divided by book value per share.
Price To Book Valuefundamental
Price To Book Value (P/B) ratio compares a company's current market price per share to its book value per share. It is used to gauge how the market values a company's net assets relative to accounting value.
Price To Cash Flow Ratiostyles
The price to cash flow ratio, or P/CF, is a valuation multiple that compares a company's current share price to its cash flow per share, typically using trailing-12-month (TTM) cash flow per share.