Alpha measures the excess returns on an investment relative to the market returns. It represents the amount of return expected from fundamental causes like the growth rate in earnings per share. It contrasts with Beta, which measures volatility.
High-tech stock refers to equity shares of companies operating in high-technology sectors. This includes industries like computers, semiconductors, biotechnology, robotics, and electronics. Such stocks tend to exhibit above-average earnings growth coupled with significant price volatility.
A financial projection model that predicts sharply increasing earnings following a period of modest growth, visually resembling a hockey stick when plotted on a graph.
A favorable reversal in the fortunes of a company, a market, or the economy at large. Stock market investors speculating that a poorly performing company is about to show a marked improvement in earnings might profit handsomely from its turnaround.
