Details of the Quarter
Roger Edgley, Andrey Kutuzov and Scott Thomas
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††The Nikkei 225 Stock Index is a price-weighted index of the 225 top Japanese companies (called the First Section) that are listed on the Tokyo Stock Exchange (TSE).
†††The financial crisis of 2007-08, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.
‡Gross domestic product (GDP) is a basic measure of a country’s economic performance and is the market value of all final goods and services made within the borders of a country in a year.
‡‡Return on assets (ROA) measures a company’s profitability by showing how many dollars of earnings a company derives from each dollar of assets it controls.
‡‡‡The Purchasing Managers Index (PMI) is an indicator of the economic health of the manufacturing sector. The PMI is based on five major indicators—new orders, inventory levels, production, supplier deliveries, and the employment environment.
§The Producer Price Index (PPI) is a weighted index of prices measured at the wholesale, or producer level. The PPI shows trends within the wholesale markets, manufacturing industries and commodities markets.
§§Earnings growth is a measure of growth in a company’s net income over a specific period, often one year.
§§§Return on capital is a measure of how effectively a company uses the money, owned or borrowed, that has been invested in its operations.
#Valuation is the process of determining the current worth of an asset or company.