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Market timer

A market timer is an investment manager who attempts to capitalize on fluctuations in the market by moving from one asset category to another, hopefully in advance of a dramatic shift in the returns in one or the other asset class.

Mark to market

Marking an asset to market involves adjusting the value at which an asset is carried on a fund's books to reflect changes in the actual value over time. The market price is the price which could actually be received if the asset were sold immediately.

Market cycle

A market cycle is the period of time during which the pattern of stock prices rises and falls. The common rule of thumb is that a market cycle takes 4 to 5 years.

Market neutral strategy

A market neutral strategy is a type of hedge fund. In this approach the manager buys stock that he believes will outperform similar stocks in their industry. At the same time he sells the same amount of stocks in those companies that he believes will do less well than others in their industry. If the manager is correct the fund return will be equal to the difference between the performance of the two groups of stocks, regardless of the overall movement of the market.

Mean

The mean is the arithmetic average of a range of figures.

Median

The median is the return (or observation) at the half way point of the range of returns (or observations). That is, exactly half of the returns (or observations) are less than the median value and half are greater than the median value. The median is often confused with the mean, which is the arithmetic average of the returns (or observations).

mid cap stocks

mid cap stocks are often defined as those with capitalizations between $500 million and $5 billion.

Mode

In a group of returns or observations, the mode is the most commonly occurring value.

Monetary policy

Monetary policy is the action of the government to increase or decrease the amount of money in circulation.

Money market fund

A mutual fund that specializes in investing in short-term securities and that tries to maintain a constant net asset value of $1.

Mutual fund

A mutual fund is a collective investment trust organized under the Investment Company Act of 1940. Mutual funds may be purchased by any investor, taxable or tax exempt provided that a full disclosure has been provided.

   
 

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