Medtech shares tempt, but beware | company health

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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balance

Periodic comparison of all assets and liabilities on a key date. The assets side provides information on the use of the funds, while the liabilities side provides information on the provision of the funds (financing). part of the annual report.

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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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market value

Market value (market value) of a company. To do this, multiply the market price by the number of all shares. Free float is relevant for the stock indices.

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cash flow

Usually generated cash flow from a company’s operating activities. Extraordinary expenses and income should be excluded from the cash flow calculation, as should extreme changes in the formation or release of hidden reserves.

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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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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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Central Bank

Economic institution responsible for providing the economy with money. At the same time, it should create monetary stability and, depending on the Statute, full employment and appropriate economic growth. In Switzerland, this is the SNB.

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reserves

Equity formed by the undistributed profit retained in the company. On the one hand, the reserves fulfill an important collateral function, but on the other hand, they put pressure on the return on equity.

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SIX

The Swiss market was created in 1995 by merging the stock exchanges in Geneva, Basel and Zurich. Since August 1996, all securities have been traded electronically. The system is characterized by a full integration of the stock exchange processes right from stock exchange order to settlement. Merger with SIS and Telekurs to form SIX Group in early 2008.

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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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Swiss stock exchange

The Swiss market was created in 1995 by merging the stock exchanges in Geneva, Basel and Zurich. Since August 1996, all securities have been traded electronically. The system is characterized by a full integration of the stock exchange processes right from stock exchange order to settlement. Merger with SIS and Telekurs to form SIX Group in early 2008.

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