Hot second-line stocks for the next few months Company Switzerland

share

Security representing a share in the capital of a public company. It guarantees the owner membership rights (voting rights and voting rights at the general meeting) and property rights (right to share in the profits, share in capital increases or in the liquidation result).

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Stock valuation

The most important stock valuation metrics used in stock analysis are dividend yield, price-to-earnings ratio based on earnings per share. stock, price-earnings-to-growth, price-to-cash-flow ratios, price-to-book ratios and price-to-sales ratios.

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shareholder value

The management and the board of directors with responsibility for an AG strive to maximize the shareholder value in order to continuously increase the value of the company for the shareholders.

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Graduate

Quarterly random sample of employment statistics in 66 Swiss companies since 1925 (cf. employment and employment statistics).

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book value

1. Value at which an asset item is entered in the balance sheet (balance sheet value). If the book value is less than the value that can actually be obtained from a sale, the difference corresponds to a hidden reserve. 2. Value obtained by dividing reported equity by the number of outstanding shares.

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stock Exchange

Regular market organized according to fixed customs. Depending on the goods traded, one speaks z. B. from securities, securities, foreign exchange, commodity exchanges or futures exchanges.

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cap

Price of an underlying asset or an interest rate that often determines whether the underlying asset is delivered or a cash amount is paid.

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yield

The percentage of earnings paid by a company per. shares. The dividend is determined by the general meeting at the request of the board of directors. Payments to holders of profit certificates are also referred to as dividends.

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dividend percentage

Return on an equity investment expressed as a percentage: The dividend return represents the dividend paid in one year as a percentage of the price. In practice, the expected dividend return is relevant as a selection criterion, but it is not guaranteed.

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EBIT

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, tax, depreciation and amortization. These three variants of the operating result show the operating earnings better than the published net result. Without operational reasons, this can vary greatly depending on the accounting standard, the contribution from the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and are included in the net result as a result of discontinued operations. On the other hand, extraordinary restructuring or value adjustments are taken into account if they are operational.

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Ebitda

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, tax, depreciation and amortization. These three variants of the operating result show the operating earnings better than the published net result. Without operational reasons, this can vary greatly depending on the accounting standard, the contribution from the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and are included in the net result as a result of discontinued operations. On the other hand, extraordinary restructuring or value adjustments are taken into account if they are operational.

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Equity

The portion of the total capital owned by the shareholders and paid to them in the event of a going concern. From the shareholders’ point of view, a company’s most important task is to create a return on equity that is commensurate with the risk (cf. the bank’s equity).

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return on equity

Profit expressed as a percentage of equity. RoE is a commonly used but not very meaningful metric, as it is heavily dependent on accounting influences, such as the method used to write off goodwill.

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leading indicators

Variables used in economic research that make it possible to identify economic development at an early stage, such as incoming orders from industry or building permits.

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GM

An AG’s supreme body. In addition to the ordinary ordinary general meeting, an extraordinary general meeting may also be convened.

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inflation

Price increase or currency depreciation. The change is indicated as the inflation rate. Often causes central banks to pursue a restrictive monetary policy (high key interest rates), which weighs on stocks and bonds. Opposite: disinflation, deflation.

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P / E

Share price in relation to earned or expected earnings per. dividend-bearing share. The share valuation ratio indicates how many times earnings per share is included in the share price. P / E can be used to compare different stocks within an industry.

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cantonal banks

Mostly public institutions with their own legal entity. In most cases, the canton is liable for their obligations (state guarantee), which usually makes the endowment capital available in return for a profit. According to the Banking Act, all cantonal banks are subject to Finma’s supervision. The canton must provide at least one third of the share capital.

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Economy

Often used synonymously with the state of the economy as a whole. Research emphasizes the economic course of economic growth (upswing, boom, downturn, recession, depression). Therefore, the term business cycle is also used in English.

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price-earnings ratio

Share price in relation to earned or expected earnings per. dividend-bearing share. The share valuation ratio indicates how many times earnings per share is included in the share price. P / E can be used to compare different stocks within an industry.

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margin

1. The difference between a bank’s lending and debt interest rates (interest margin). 2. The difference between the offer price and the offer price of a security (bid-spread spread). Cash margin (initial margin, variation margin) in futures or CDF (security margin). 4. Earnings (usually operating) relative to sales (return on sales, RoS).

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performance

1. Development of the price of a security. 2. A portfolio’s performance, usually expressed as a percentage, including distributions (reinvested). Investment policy performance of the management of an investment fund, an investment company, a hedge fund or a pension fund for the purpose of the investment objective.

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raw material

Is usually standardized and traded on a forward basis (cf. futures). The palette ranges from precious metals to base metals, grains and oilseeds, soft ingredients, meat and milk for energy.

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SMI

Calculated on the basis of free float for the twenty most important listed Swiss companies. SMI is not dividend-adjusted, so it is a price index.

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SMIM

Includes thirty mid-cap stocks, the top ten of which are part of SLI. Calculated as price index and performance index.

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turn around

Opportunity to gain exposure to certain securities as there are signs of fundamental improvement within an industry or company (turnaround candidate).

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volatility

Price fluctuations on an underlying (cf. historical volatility, implicit volatility, vega, volatility analysis, volatility index).

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