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Technical analysis (technicals)

Securities analysis and selection based on analyzing statistics generated by market activity, such as prices and volume. The security's intrinsic value is of no consequence to the technical trader.

Top-Down investing

An approach to investing which seeks to first identify economic trends in the general economy before considering the industries and then the companies that should benefits from those trends.

Total return

The full amount an investment earns over a specific period of time. Total return takes into consideration three factors: changes in the NAV or price; any dividends; and compounding. The return is expressed as a percentage and is associated with a time period such as six months, one year, five year or since inception.

Tracking

A measure of how closely a fund track its respective benchmark or index.

Transparency

Refers to the level of information on a particular fund available to the investor.

Treynor ratio

The Treynor ratio calculates the excess return of a portfolio for every unit of market risk (beta). This differs from the Sharpe ratio because it focuses on beta, rather than standard deviation.

Trustee

An individual who holds or manages assets for the benefit of another.

TSE

(Toronto Stock Exchange)

TSX

The TSX is the largest and most widely followed common stock index in Canada. Formerly called the TSE.