Glossary

Basis Point Basis Point refers to a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument.
S&P Index Index is a market capitalization-weighted index of the 500 largest U.S. publicly traded companies.
Dow Jones The Dow Jones Industrial Average (DJIA), also known as the Dow 30, is a stock market index that tracks 30 large, publicly-owned blue-chip companies trading on the New York Stock Exchange and the NASDAQ.
NASDAQ Nasdaq is a global electronic marketplace for buying and selling securities. The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
Russell 2000 The Russell 2000 Index is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index.
Beta Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole.