Business / Taxes / Turnover Ratio: A mutual fund's turnover ratio measures the percentage of holdings that the fund sells, or turns over, in a year. For example, if a stock fund manager has a portfolio of 100 stocks at the beginning of the year, sells 75 of them and buys 75 different stocks, the turnover rate of the fund is 75%. Some investors look for funds with lower turnover ratios, since limited trading may help to minimize capital gains taxes and trading costs. However, a high turnover ratio can also produce strong returns, which can offset the added costs and produce a net gain.
Ratio Adverb Synonyms: proportion, relationship, correlation, correspondence
Business / Finance / P-E Ratio: Current stock price divided by trailing annual earnings per share or expected annual earnings per share. Assume XYZ Co. sells for $25.50 per share and has earned $2.55 per share this year; $25.50 = 10 MORE
Business / Agriculture / Packer Concentration: The degree to which a few large firms dominate total sales within segments of the meat packing industry, which, some farmers and other critics contend, can cause or at least contribute to lower prices MORE