When evaluating stocks, first assessing the overall economic situation and the industry before focusing on the individual stock. – In a top-down approach, investors focus on the asset class [shares, bonds, money-market funds, etc.] and the international markets wherein they wish to invest; in comparison the choice of individual securities is of less importance). – In the management of a fund, the strategy of initially focusing not so much on the individual security as on the insights gained from fundamental analysis. – In stress testing, the calculation by the regulator of the stability of the banking system. – See analyst, analysis, technical, assessability, bottom-up approach, charts, Fibonacci sequence, fundamental analysis, histogram, mapping, price range, traded, random walk hypothesis, sentiment, top-down approach, support line, resistance line. – Cf. Monthly Report of the Deutsche Bundesbank of December 2003, p. 57 and, in relation to very detailed, the annual Financial Stability Report of the Deutsche Bundesbank.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/
Passende Formel
Gesamtkapitalrentabilität (ROA)
Die operative Verzinsung des gesamten eingesetzten Kapitals messen.
Variablen: EBIT Ergebnis vor Zinsen und Steuern; Gesamtkapital durchschnittlicher Bestand.
Anwendung: Für betriebs- und finanzierungsunabhängige Rentabilitätsvergleiche.