What Is a J-Curve? A J-curve is a trendline that shows an initial loss immediately followed by a dramatic gain. In a chart, this pattern of activity would follow the shape of a capital “J”. The J-curve effect is often cited in economics to describe, for instance, the way that a country’s balance of trade
What Is the Jensen’s Measure? The Jensen’s measure, or Jensen’s alpha, is a risk-adjusted performance measure that represents the average return on a portfolio or investment, above or below that predicted by the capital asset pricing model (CAPM), given the portfolio’s or investment’s beta and the average market return. This metric is also commonly referred
What Is the Jesse H. Jones Graduate School of Business? The term Jesse H. Jones Graduate School of Business refers to Rice University’s graduate school of business. Founded in 1974 and located in Houston, the school offers graduate and doctorate programs, as well as various dual degree and executive education initiatives. The school is well-known
Jesse L. Livermore was a noted stock trader at the turn of the 20th century. Despite his lack of formal education, he began his career at age 14. Regarded as a Wall Street legend, Livermore has influenced generations of stock and commodity traders. Livermore is the author of How to Trade Stocks and My Life
What Is a Jewelry Floater? A jewelry floater is a type of supplemental insurance designed to protect precious jewelry. It is often purchased alongside other forms of insurance, such as homeowner’s insurance or renter’s insurance. Although these types of insurance policies generally include some coverage for jewelry, jewelry floaters can expand this coverage, making them
What Is the Johannesburg Interbank Average Rate (JIBAR)? The Johannesburg Interbank Average Rate (JIBAR) is the money market rate that is used in South Africa. The benchmark for short-term loans and instruments, the rate comes in one-month, three-month, six-month, and 12-month discount terms. The 3-month JIBAR rate is the most widely used and accepted. An
What Is the ISM Manufacturing Index? The ISM manufacturing index, also known as the purchasing managers’ index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. It is considered to be a key indicator of the state of the U.S. economy. Formally
What Is the ISM Non-Manufacturing Index? The Institute of Supply Management (ISM) Non-Manufacturing Index is an economic index based on surveys of more than 400 non-manufacturing (or services) firms’ purchasing and supply executives. The ISM services survey is part of the ISM Report On Business—Manufacturing (PMI) and Services (PMI). The Purchasing Managers’ Index (PMI) is a
What Are Incentive Stock Options (ISOs)? An incentive stock option (ISO) is a corporate benefit that gives an employee the right to buy shares of company stock at a discounted price with the added benefit of possible tax breaks on the profit. The profit on qualified ISOs is usually taxed at the capital gains rate
What Is ISO 14001? ISO 14001 is a set of standards put forward by the International Organization for Standardization (ISO). Its purpose is to clarify the best practices for organizations that wish to reduce their environmental footprint by adopting an effective environmental management system (EMS). EMS systems are designed to monitor and report upon the
