Point and figure chart

Similar financial terms

Basis point
One hundredth of 1 percent (0.01%). In the bond market, the smallest measure used for quoting yields is a basis point. Each percentage point of yield in bonds equals 100 basis points. Basis points also are used for interest rates. An interest rate of 10% is 50 basis points greater than an interest rate of 10.5%.

Price value of a basis point (PVBP)
Also called the dollar value of a basis point, a measure of the change in the price of the bond if the required yield changes by one basis point.

Bond points
A conventional unit of measure for bond prices set at $10 and equivalent to 1% of the $100 face value of the bond. A price of 80 means that the bond is selling at 80% of its face, or par value.

Cash-flow break-even point
The point below which the firm will need either to obtain additional financing or to liquidate some of its assets to meet its fixed costs.

Point-And-Figure
A method of charting which uses prices to form patterns of movement without regard to time. It defines a price trend as a continued movement in one direction until a reversal of a predetermined criterion is met.

Point
A measure of price change equal to 1/100 of one cent in most futures traded in decimal units. In grains, it is of one cent; in T-bonds, it is one percent of par.

Big Figure
The first two or three digits of a foreign exchange price or rate. Examples: JPY/USD rate of 111.27/32 the big figure is 108. EUR/USD price of .8158/62 the big figure is .81.

Japanese candlestick chart
A charting technique in technical analysis that, among other things, indicates the spread of a day's prices, the opening and closing prices and whether the market moved up or down during the trading session. Developed in the 1600s.

Corporate charter
A legal document creating a corporation.

Chartist
Technical trader who reacts to signals derived from graphs of price movements.