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Secondary Market Trend

A short-term change in the market direction (upward or downward) where price moves are confined to a primary market trend....

Primary Market Trend

An elongated period within a market cycle during which prices follow an uptrend or an downtrend before peaking out, reversing...

Correction

A temporary change of direction in a market trend where stock prices abruptly drop, losing their gains in a bull...

Market Correction

A temporary change of direction in a market trend where stock prices abruptly drop, losing their gains in a bull...

Implementation Shortfall

The difference between the value of an "on-paper" (planned) portfolio (paper portfolio) and the actual portfolio constructed in accordance with...

Actual Portfolio

A portfolio whose components (investments) are transacted in real markets- i.e., at real trading prices. In other words, the portfolio...

Paper Portfolio

A portfolio whose investments are transacted at benchmark prices. It is constructed on the assumption that trades would be costless,...