- Centre American Select Equity Fund's James Abate Interview with MarketWatch's MoneyLife Market Call - Dec. 29, 2016
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The statements and opinions expressed are as of the James Abate and as of the date of this interview. All information is historical and not indicative of future results and subject to change. Past performance does not guarantee future results.
Downside volatility or deviation: A measure of downside risk that focuses on returns that fall below a minimum threshold. It is used in the calculation of a risk measure known as the Sortino Ratio.
Put Option: An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time.
Drawdown: The peak-to-trough decline during a specific recorded period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and the subsequent trough.
P/E: The ratio of a company's share price to its per-share earnings. As the name implies, to calculate the P/E, you simply take the current stock price of a company and divide by its earnings per share (EPS).
CAPE Ratio: Developed by Yale economics professor Robert Shiller, the CAPE ratio is also called the Shiller price-to-earnings ratio. It smooths fluctuations in market price-to-earnings ratios that are really a result of boom and bust economic cycles. It is calculated by normalizing irrational valuations generated during times of economic booms and busts.