业绩归因分析
A process in portfolio analysis that quantifies the impact of various investment decisions, such as asset allocation and security selection, on the overall return relative to a benchmark.
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Analysis
Browse Analysis terms for finance professionals.
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互换利差
The difference between the fixed rate of a swap and the yield of a government bond of the same maturity, reflecting credit and liquidity risk in interest rate markets.
View term价值分析
A systematic evaluation of a business, asset, or process to determine its economic value using qualitative and quantitative financial analysis techniques.
View term价值迁移
The movement of economic value from outdated business models or sectors to those with superior competitive advantage, innovation, or efficiency.
View term价值驱动因素
A key factor that fundamentally impacts the economic value or performance of a business, asset, or investment; typically tracked for valuation and strategic management.
View term价格动量
A market anomaly describing the tendency of asset prices to continue moving in the same direction for a period of time, often measured for quantitative investing and performance attribution.
View term企业价值
The total value of a business calculated as equity market capitalization plus total debt and minority interest minus cash and cash equivalents; used in M&A, valuation, and financial analysis.
View term信用利差
The yield difference between a corporate bond and a government bond of similar maturity and currency, reflecting default risk, liquidity, and other credit risk factors.
View term偿付比率
A financial metric that measures a company’s ability to service its debt or other fixed obligations, commonly including interest coverage, debt service coverage, and fixed-charge coverage ratios.
View term偿付能力比率
A financial metric used to assess an entity’s long-term ability to meet its debt obligations, typically calculated as net worth divided by total assets or liabilities. Required for regulatory capital and credit risk reporting.
View term偿债服务
The total amount of principal and interest payments required to repay outstanding debt within a specified period, often tracked as a ratio to cash flow.
View term公允价值
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, as defined by IFRS 13 and US GAAP.
View term净收益率
The annual income from an investment after deducting all expenses and taxes, expressed as a percentage of the investment’s current market value or principal.
View term净杠杆率
A measure of financial leverage calculated as total debt minus cash and cash equivalents, divided by EBITDA or another performance metric; reflects the company’s effective indebtedness after netting liquid assets.
View term剩余收益
A performance metric representing net income minus a charge for the opportunity cost of capital employed; widely used in valuation, corporate performance measurement, and incentive compensation design.
View term压力测试
A simulation or analysis designed to evaluate the resilience of an institution, portfolio, or system under severe but plausible adverse conditions; mandated in financial regulation for risk management.
View term变动成本
A cost that changes in direct proportion to production volume or business activity, such as raw materials, direct labor, and transaction fees.
View term可持续增长
The maximum rate at which a company can grow its sales, earnings, and dividends without having to increase financial leverage or equity capital, often calculated as ROE multiplied by retention ratio.
View term合规风险
The risk of legal or regulatory sanctions, material financial loss, or reputational damage an organization may suffer as a result of failing to comply with laws, regulations, codes of conduct, or standards of practice.
View term回收期
The time required for the cumulative cash inflows from an investment to equal the initial outlay, used as a simple capital budgeting metric.
View term夏普比率
A risk-adjusted performance measure calculated as the excess return of a portfolio over the risk-free rate, divided by the standard deviation of portfolio returns. Used widely in performance attribution and fund selection.
View term审计重要性水平
The quantitative or qualitative threshold in an audit below which misstatements are considered not to affect the fair presentation of financial statements, as determined by the auditor according to professional standards.
View term市盈率
A valuation ratio calculated by dividing a company's market price per share by its earnings per share, used by analysts to assess relative value, growth expectations, and market sentiment.
View term总回报
The overall return on an investment, including capital gains, interest, and dividends, measured over a specified period and expressed as a percentage of the initial investment.
View term情景分析
A risk management technique that evaluates the potential impact of different future events or market conditions on financial performance, often used in stress testing, capital planning, and regulatory reporting.
View term或有负债
A potential obligation that may arise depending on the outcome of a future event, recognized in the notes to financial statements when not probable or measurable, and as a liability when probable and estimable, under IAS 37 and ASC 450.
View term投资期限
The length of time over which an investment, forecast, or financial objective is expected to be held or achieved, influencing risk tolerance and asset allocation strategies.
View term投资组合久期
A weighted average measure of the sensitivity of a fixed income portfolio’s price to changes in interest rates, typically expressed in years; critical for interest rate risk management and regulatory reporting.
View term投资组合贝塔
A measure of a portfolio’s overall sensitivity to market movements, calculated as the weighted average of the betas of all individual holdings, indicating systematic risk relative to a benchmark index.
View term折旧费用
The systematic allocation of the cost of a tangible fixed asset over its useful life, in accordance with IAS 16 and ASC 360, recognized as an operating expense.
View term收入确认
An accounting principle governing the specific conditions under which revenue is recognized or recorded, requiring firms to record revenue when it is earned and realizable, as defined by IFRS 15 and ASC 606.
View term收益率利差
The difference between the quoted rates of return of two different debt instruments, often used to compare risk and return profiles between bonds of varying credit quality or maturity.
View term收益率曲线
A graphical representation of the interest rates of bonds with equal credit quality but differing maturity dates, commonly used to gauge economic outlook and interest rate risk.
View term敏感性分析
A technique used to determine how different values of an independent variable impact a particular dependent variable under a given set of assumptions; widely used in forecasting, valuation, and risk management.
View term期权伽马
A measure of the rate of change in an option’s delta relative to changes in the price of the underlying asset; indicates the convexity of an option’s value and risk exposure.
View term期权德尔塔
A measure of the sensitivity of an option’s price to changes in the price of the underlying asset, representing the expected change in option value for a one-unit change in the underlying.
View term未预留养老金
A pension liability for which no specific assets have been set aside; obligations are paid from employer’s ongoing operations, not from a segregated fund.
View term权责发生制会计
A method of accounting in which revenues and expenses are recorded when they are earned or incurred, regardless of when cash is received or paid, aligning financial reporting with underlying economic activity.
View term杜邦分析法
A diagnostic tool that decomposes return on equity into profit margin, asset turnover, and equity multiplier to isolate drivers of financial performance.
View term板块轮动
An active investment strategy that shifts portfolio allocations among different economic sectors to capitalize on cyclical trends and changing market conditions.
View term波动率聚集
The empirical tendency for large changes in financial markets to be followed by further large changes, and small changes by small changes, indicating persistence in volatility.
View term流动性缓冲
A reserve of highly liquid assets held to meet short-term obligations or cover unexpected cash outflows, as required by regulatory standards such as Basel III LCR and operational risk management frameworks.
View term流动比率
A liquidity ratio calculated as current assets divided by current liabilities, indicating a company’s short-term solvency position.
View term流动比率
A financial metric measuring an entity’s ability to meet short-term obligations using liquid assets. Common types include current ratio and quick ratio, as disclosed under IFRS and US GAAP.
View term特雷诺比率
A risk-adjusted performance metric that measures excess return per unit of systematic risk, calculated as (Portfolio Return – Risk-Free Rate) / Beta.
View term现值
The current worth of a future sum of money or stream of cash flows discounted at a specified rate, used extensively in valuation, investment analysis, and accounting under IFRS and US GAAP.
View term现金消耗
The rate at which a company expends its cash reserves, typically expressed as a monthly or quarterly amount, commonly used to assess sustainability of loss-making or high-growth firms.
View term现金转换
A process or ratio measuring the efficiency with which a company converts its accounting profits or inventory into actual cash flows, often referenced as the cash conversion cycle in working capital management.
View term盈利指引
Forward-looking statements issued by a company’s management, providing projected earnings, revenues, or other key financial metrics for future periods, as per market practice and regulatory disclosure rules.
View term盈利预警
A formal announcement by a company indicating that its earnings or profits are likely to fall materially below market expectations, often triggering mandatory disclosure obligations under securities regulations.
View term监管资本
The minimum amount of capital financial institutions are required to hold by regulators to absorb losses and promote systemic stability, calculated under frameworks such as Basel III and Solvency II.
View term系统性风险
The risk of collapse or severe dysfunction of an entire financial system or market, as opposed to risk associated with any individual entity; monitored by regulators and central banks.
View term终值
The estimated value of an asset, business, or project at the end of a forecast period, based on a perpetuity growth model or exit multiple. Used in discounted cash flow (DCF) and valuation models.
View term经济利润
The residual profit after subtracting the cost of capital from net operating profit after taxes (NOPAT); used to measure value creation beyond accounting profit, as in Economic Value Added (EVA) frameworks.
View term股息支付率
The proportion of net earnings distributed to shareholders as dividends; calculated as dividends declared divided by net income.
View term股本乘数
A financial leverage ratio calculated as total assets divided by total equity; measures the degree to which a firm finances its assets with equity versus debt.
View term股权价值
The value of a company’s shareholders’ equity, calculated as market capitalization (shares outstanding times share price); used in valuation, reporting, and as a component of enterprise value.
View term自由现金流
The cash generated by a company after accounting for capital expenditures required to maintain or expand its asset base; represents cash available for debt repayment, dividends, or reinvestment.
View term营业利润率
A profitability ratio calculated as operating income divided by net sales, indicating the proportion of revenue remaining after covering operating expenses but before interest and taxes.
View term营业周期
The average period between the acquisition of inventory and the collection of cash from receivables, measuring the efficiency of working capital management.
View term营业杠杆
A measure of how a percentage change in sales volume affects operating income, due to the presence of fixed costs in a company’s cost structure.
View term营运资金
Net current assets calculated as current assets minus current liabilities, representing liquidity available for day-to-day operations and short-term obligations.
View term蒙特卡洛
A quantitative simulation technique using repeated random sampling to estimate the probability distribution of outcomes in financial modeling, risk analysis, and option pricing.
View term薪酬费用
Total costs incurred by an entity for employee services, including salaries, wages, bonuses, stock options, and related benefits, recognized in the period when earned in accordance with accrual accounting principles.
View term调整后息税折旧摊销前利润
A non-GAAP performance metric reflecting earnings before interest, taxes, depreciation, and amortization, further adjusted for non-recurring, irregular, or non-operational items to better represent core operating profitability.
View term贝塔敞口
A measure of a portfolio’s sensitivity to movements in the overall market, representing systematic risk relative to a chosen benchmark, commonly used in performance attribution and risk management.
View term财务杠杆
A measure of the degree to which a company uses borrowed funds to finance its assets, operations, or investments, amplifying potential returns and risks, often expressed as a ratio of debt to equity or assets.
View term贴现率
The interest rate used to determine the present value of future cash flows in valuation models and accounting measurements, including DCF analysis, impairment testing, and pension obligations.
View term费用率
A standardized metric expressing the total operating expenses of a fund or investment product as a percentage of its average assets under management, used for comparative performance and fee disclosure.
View term资产周转率
A financial ratio measuring the efficiency with which a company uses its assets to generate sales, calculated as total revenue divided by average total assets for the period.
View term资产贝塔值
A measure of the systematic risk of a firm's assets, excluding the effects of leverage; used in cost of capital calculations and risk assessment.
View term资本费用
The minimum return required on invested capital, representing the cost of capital multiplied by invested capital, used in performance measurement frameworks such as Economic Value Added (EVA) and regulatory capital models.
View term跟踪误差
A measure of the divergence between the performance of a portfolio and its benchmark, calculated as the standard deviation of the difference in returns over time; key metric in active and passive fund management.
View term递延收入
A liability account representing income received before the related goods or services have been delivered, requiring recognition as revenue in future periods per IFRS 15 and US GAAP.
View term递延税项
A balance sheet account arising from temporary differences between the tax base of assets and liabilities and their carrying amounts in financial statements, resulting in deferred tax assets or liabilities as per IAS 12 and ASC 740.
View term速动比率
A liquidity metric calculated as (current assets minus inventories) divided by current liabilities, measuring a company’s ability to meet short-term obligations without relying on the sale of inventory.
View term重大缺陷
A deficiency or combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement will not be prevented or detected, as defined by PCAOB and SEC.
View term阿尔特曼得分
A credit-strength and bankruptcy risk indicator for companies, calculated using a weighted combination of financial ratios. Widely applied in financial analysis for distress prediction and credit risk assessment.
View term零息债券
A debt security that does not pay periodic interest but is issued at a discount to its face value and matures at par, providing return through capital appreciation.
View term非控股权益
The equity in a subsidiary not attributable, directly or indirectly, to the parent company; formerly known as minority interest and reported separately in consolidated financial statements under IFRS 10 and ASC 810.
View term预测准确性
A measure of how closely actual financial or operational results match the corresponding budget, projection, or forecast, commonly assessed using variance analysis in financial planning and performance management.
View term风险溢价
The excess return that investors require for choosing a risky asset over a risk-free asset, used in asset pricing, cost of capital calculations, and portfolio management.
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