Investment Glossary

Key terms for understanding AI-powered investing

Alpha

The excess return of an investment relative to a benchmark index. Positive alpha indicates outperformance.

AUM

Assets Under Management. The total market value of investments managed by a fund or advisor.

Backtesting

Testing an investment strategy using historical data to see how it would have performed.

Beta

A measure of volatility relative to the overall market. Beta > 1 means more volatile than the market.

Dividend Yield

Annual dividend payments divided by stock price, expressed as a percentage.

Drawdown

The peak-to-trough decline during a specific period, measuring downside risk.

EPS

Earnings Per Share. Company profit divided by outstanding shares.

ESG

Environmental, Social, and Governance criteria used for socially responsible investing.

Feature

In machine learning, a measurable property used as input for predictions (e.g., P/E ratio, momentum).

Fundamental Analysis

Evaluating a stock based on financial statements, earnings, and economic factors.

Hit Rate

The percentage of predictions that correctly forecast the direction of price movement.

IC (Information Coefficient)

Correlation between predicted and actual returns. Higher IC indicates better predictions.

LightGBM

Light Gradient Boosting Machine. A fast machine learning algorithm used for ranking and prediction.

Long-Short Spread

The return difference between top-ranked (long) and bottom-ranked (short) stocks.

Market Cap

Market Capitalization. Total value of a company's outstanding shares (price × shares).

ML Score

Machine Learning Score. ACIS's predicted ranking for a stock based on expected returns.

Momentum

The tendency for assets that have performed well recently to continue performing well.

P/E Ratio

Price-to-Earnings Ratio. Stock price divided by earnings per share.

Portfolio Rebalancing

Adjusting portfolio weights back to target allocations.

Reinforcement Learning

ML technique where models learn optimal actions through trial and error.

ROE

Return on Equity. Net income divided by shareholder equity, measuring profitability.

Sharpe Ratio

Risk-adjusted return metric. Higher values indicate better return per unit of risk.

Technical Analysis

Analyzing price patterns and trading volume to forecast future movements.

Value Investing

Strategy of buying undervalued stocks based on fundamental analysis.

Volatility

Statistical measure of price variation over time. Higher volatility means higher risk.

Walk-Forward Testing

Backtesting method that simulates real trading by training on past data and testing on future data.

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