Horizontal acquisition
Merger between two companies producing similar goods or services.
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Archive for the 'H Glossary' Category
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Horizon analysis
An analysis of returns using total return to assess performance over some investment horizon.
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Homogenous expectations assumption
An assumption of Markowitz portfolio construction that investors have the same expectations with respect to the inputs that are used to derive efficient portfolios: asset returns, variances, and covariances.
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Homemade leverage
Idea that as long as individuals borrow (or lend) on the same terms as the firm, they can duplicate the affects of corporate leverage on their own. Thus, if levered firms are priced too high, rational investors will simply borrow on personal accounts to buy shares in unlevered firms.
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Homemade dividend
Sale of some shares of stock to get cash that would be similar to receiving a cash dividend.
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Holding period return
The rate of return over a given period.
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Holding period
Length of time that an individual holds a security.
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