Relative return is the return that an asset can achieve in the given period of time compared to the benchmark. It is the difference between the asset’s and the benchmark return.

 

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Range is the term describing the difference and distance between low and high prices for a security over a certain period of time. Range defines the spread of the price in a certain period of time and can indicate volatility of the price.

 

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Reverse auction is a type of auctions where bidder bid for the price for the services that they are willing to provide. In reverse auction the buyers put up an offer for required goods or services and the sellers bid the amount they want to receive for providing said goods. In the end a seller with the lowest price wins.

 

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Regret theory is a theory that after a failed decision that calls for a following regret a person starts making the decision taking this regret into a consideration. Fear of regret can play a huge role in decision making process.

 

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