Terms starting with D
59 terms · page 3 of 3
Domestic Institutional Flows
Economy, Macro & Market Cycles
₹ crore
Net purchases or sales of Indian securities by domestic mutual funds, insurers and pension funds.
Net Flow = Value of Purchases - Value of Sales by domestic institutions over the period
Donchian Channel
Indicators & Oscillators
₹
Bands drawn at the highest high and lowest low of the last n periods, with a midline between them.
Upper Channel = Highest High over n periods; Lower Channel = Lowest Low over n periods; Middle = average of the two
Double Bottom
Technical Analysis & Chart Patterns
qualitative
Two troughs at approximately the same price separated by a peak, forming a W shape on the chart.
Test: two lows within a small percentage of each other, separated by a rally to an intervening high that is later exceeded
Double Top
Technical Analysis & Chart Patterns
qualitative
Two peaks at approximately the same price separated by a trough, forming an M shape on the chart.
Test: two highs within a small percentage of each other, separated by a decline to an intervening low that is later breached
Dow Theory
Technical Analysis & Chart Patterns
qualitative
An early framework holding that markets move in primary, secondary and minor trends, and that indices must confirm one another.
Test: a primary trend is established when successive peaks and troughs move in one direction and a second related index confirms the same direction
Downside Risk
Risk & Portfolio Management
%
The dispersion of returns below a target level, ignoring variation above it.
Downside Deviation = square root of the average of squared shortfalls below the target return
Downtrend
Technical Analysis & Chart Patterns
qualitative
A price sequence in which each significant high is below the previous high and each significant low is below the previous low.
Test: current swing high < previous swing high, and current swing low < previous swing low
Drawdown
Risk & Portfolio Management
%
The decline in a portfolio's value from a previous peak to a subsequent trough, expressed as a percentage.
Drawdown = (Peak Value - Current Value) / Peak Value x 100
Dunning-Kruger Effect
Market Psychology & Behavioural Finance
qualitative
The tendency for people with limited competence in a domain to overestimate their ability in it.
Test: self-assessed ability is highest relative to actual ability among the least skilled, because assessing skill requires the skill itself
DuPont Analysis
Fundamental Analysis & Valuation
%
A decomposition of return on equity into profit margin, asset turnover and financial leverage, showing what drives the return.
ROE = Net Profit Margin x Asset Turnover x Equity Multiplier = (Profit/Sales) x (Sales/Assets) x (Assets/Equity)
Duration
Bonds & Fixed Income
years
A measure of how sensitive a bond's price is to a change in interest rates.
Approximate Price Change % = -Modified Duration x Change in Yield in percentage points