This website uses cookies to ensure you have the best experience. Learn more

Csc Notes Essay

1404 words - 6 pages

Fundamental analysis:
• Involves assessing the short-, medium- and long-range prospects of different industries and companies.
• It involves studying everything, other than the trading on the securities markets, which can have an effect on a security’s value: macroeconomic factors, industry conditions, individual company financial conditions, and qualitative factors such as management performance.
• Most important factor: the actual or expected profitability of the issuer, thus fundamental analysis pays attention to:
o Debt-equity ratio, profit margins, dividend payout, earnings per share
o Interest and asset coverage ratios
o Sales penetration, market share, product or marketing ...view middle of the document...

It also assumes people have access to necessary information and will use it intelligently in their own self-interest. Past mistakes can be avoided by using the information to anticipate change.
• The efficient market hypothesis, the random walk theory and the rational expectations hypothesis all suggest that stock markets are efficient: at any time, a stock’s price is the best available estimate of its true value.
• Evidence suggests that capital markets are not entirely efficiently priced (ex. Investors can consistently outperform index averages)
Better understanding of how macroeconomic factors, industry factors, and company factors influence stock valuation should lead to better investment results. These three factors all help to determine changes in interest rates and in the actual or expected profitability of companies.
Macroeconomic analysis looks at factors under 4 categories: fiscal policy, monetary policy, flow of funds and inflation.
The Fiscal Policy Impact
The two most important tools of fiscal policy are levels of government expenditures and taxation, which are usually disclosed in federal and provincial budgets.
• By changing tax levels, governments can alter the spending power of individuals and businesses. An increase in sales or personal income tax leaves individuals with less disposable income, which curtails their spending; a reduction in tax levels does the opposite.
• Corporations are similarly affected by tax changes. Higher taxes on profits, generally speaking, reduce the amount businesses can pay out in dividends or spend on expansion. On the other hand, a reduction in corporate taxes gives companies an incentive to expand.
Limiting effectiveness: time lag for parliamentary approval for tax legislation, and lag between fiscal action and when the economy is affected.
• On the simplest level, an increase in government spending stimulates the economy in the short run, while a cutback in spending has the opposite effect.
• Fiscal policies can also be designed to achieve government policy goals. For example, the dividend tax credit and the exemption from tax of a portion of capital gains were designed to encourage greater share ownership of Canadian companies by Canadians.
• Savings by individuals can be encouraged by measures such as Registered Retirement Savings Plans (RRSPs) and Tax Free Savings Accounts (TFSAs). Such policies increase the availability of cash for investments, thereby increasing the demand for securities.
• After peaking in 1996-97, net Canadian federal debt declined for more than a decade. Recently, net Canadian federal debt has increased.
• The main problem with a large government debt is that it restricts both fiscal and monetary policy options. With high levels of government and consumer indebtedness, the government’s ability to reduce taxes or increase government spending is impaired.

Other Papers Like Csc Notes

Role of Gis in Power Transmission

4015 words - 17 pages required in a fast efficient manner to the central database hosted by the ArcGIS for Server.  The system will integrate geographic data with tabular data and all other data including financial data regarding the operations of particular KETRACO lines.  Managing data from subcontractors and visualizing project progress.  The system will enable the converted documents from hard copy to soft copy e.g. RIM maps, survey plans, sketch notes to be

Gsl Scientific Library Essay

4796 words - 20 pages of the complex number z, sec(z) = 1/ cos(z). [Function] This function returns the complex cosecant of the complex number z, csc(z) = 1/ sin(z). [Function] This function returns the complex cotangent of the complex number z, cot(z) = 1/ tan(z). gsl_complex gsl_complex_cot (gsl complex z ) 5.6 Inverse Complex Trigonometric Functions gsl_complex gsl_complex_arcsin (gsl complex z ) [Function] This function returns the complex arcsine of

Freedom And Responsibility

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

A Heart Of Darkness

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

The Ford Motor Company Wage Increase Of 1914 And The Theory Of Incentives And Efficiency Wages

1252 words - 6 pages ‘It’s not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages’ (Henry Ford, cited in Johnson and Weinstein 2004, p. 2). When the Ford Motor Company announced that it would more than double the wages of its workers in January 1914 to a ‘five-dollar day’ minimum, was this a contradiction to Henry Ford’s statement? If customers are actually the ultimate payers of wages, then more than

Historical Analysis Of The Economical Breakthroughs Of The Industrial Revolution

1396 words - 6 pages A Historical Analysis of the Economical Breakthroughs of the Industrial Revolution During the Industrial Revolution, many elements of society experienced huge breakthroughs that would change the way they functioned forever. Economics were definitely one of them. With many new inventions and many factories appearing, many, many, more resources were being created than ever before. Also, all of the revenue from these resources was being given to

Related Essays

The Problem With Proiblems Essay

1790 words - 8 pages The problem with problems ------------------------------------------------- Instructions ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- The exam is closed book and closed notes. ------------------------------------------------- ------------------------------------------------- Please answer the multiple choice & true

Personal Data Sheet Essay


The Capital Market Essay

1761 words - 8 pages Chapter 1: The Capital Market [Simplified CSC Notes] • Capital is not what you make but what you keep • Wealth is savings, capital comes from savings • Savers: Individuals, corporations, governments • You can take your savings and go into Direct Investments (like property, equipment, infrastructure) - these are called real assets • Or you can take your savings into Indirect Investments (like stocks; we buy share of a company and we give

Ctts Case Study Week 3

1772 words - 8 pages | | | | | |Class Project: CSC - Coastline Systems Consulting | |Sunset Blvd, Los Angeles, CA