Terms starting with U
10 terms
Ultimate Oscillator
Indicators & Oscillators
%
An oscillator combining buying pressure measured over three different lookback periods into a single weighted reading.
UO = 100 x (4 x Average7 + 2 x Average14 + 1 x Average28) / 7, where each Average is Buying Pressure / True Range over that period
Underlying Asset
Derivatives, Futures & Options
qualitative
The security, index, commodity or rate whose price determines a derivative's value.
Test: the derivative's settlement value is computed by reference to this asset's price at a defined time
Unemployment Rate
Economy, Macro & Market Cycles
%
The proportion of the labour force that is without work and actively seeking it.
Unemployment Rate = Unemployed Persons / Labour Force x 100, where the Labour Force excludes those not seeking work
Union Budget
Economy, Macro & Market Cycles
₹ crore
The government of India's annual statement of estimated receipts and expenditure, presented on 1 February.
Test: the document states revenue and capital receipts, revenue and capital expenditure, and the resulting deficits for the coming financial year
Units
Funds, ETFs & Index Investing
shares
The divisions of a mutual fund scheme that represent an investor's proportional ownership of the pool.
Units Allotted = Amount Invested / Applicable NAV
Unlisted Company
Market Basics & Instruments
qualitative
A company whose shares are not admitted to trading on any stock exchange, so they can only be transferred privately.
Test: no class of the company's shares is admitted to dealings on a recognised exchange
Unrealised Gain
Market Basics & Instruments
₹
The paper profit on a position that is still held, measured as the difference between the current price and the purchase price.
Unrealised Gain = (Current Market Price - Purchase Price) x Quantity Held
Unsystematic Risk
Risk & Portfolio Management
qualitative
Risk specific to a single company or sector that can be reduced by holding a diversified portfolio.
Test: the risk arises from factors particular to one issuer or industry rather than from market-wide conditions
Upper Circuit
Orders, Execution & Market Structure
₹
The state in which a security is trading at the top of its permitted price band, with buy orders pending and no sellers.
Upper Circuit Price = Previous Close x (1 + Band %)
Uptrend
Technical Analysis & Chart Patterns
qualitative
A price sequence in which each significant high exceeds the previous high and each significant low exceeds the previous low.
Test: current swing high > previous swing high, and current swing low > previous swing low