Stock market glossary

What each term on StratDeck means and how the figure behind it is worked out. Definitions describe how StratDeck calculates a number, not whether it is a reason to buy or sell.

8-K and 6-K filings

The current reports a company files with the US Securities and Exchange Commission when something material happens: an 8-K from a US company, a 6-K from a foreign one. StratDeck links each to the SEC's own copy. For companies listed in Europe that do not file with the SEC, it shows their regulated announcements instead.

Where you'll see it: The filings on a theme's page.

52-week high and low

The highest and lowest prices a stock has traded at over the last year, in the listing's own currency. The 52w column places today's price between them: 0 is the low, 100 the high.

Where you'll see it: The Advanced view of The Terminal, and the Fundamentals section of a stock page.

ADV (average daily turnover)

The average value of a stock traded each day, in US dollars, over the last 20 sessions. It measures liquidity: how easily the stock can be bought or sold without moving its price. Turnover rather than share count, so stocks on different exchanges compare fairly.

Where you'll see it: The ADV column and the minimum-liquidity filter in The Terminal, and as the cut that decides which names Best Value ranks.

Analyst consensus

The average recommendation of the analysts covering a stock, with how many there are and the average price target they publish. It comes from Yahoo Finance; where a company has more than one listing, StratDeck uses the one the analysts cover. It is opinion, not a measurement.

Where you'll see it: The Analysts column in The Terminal, where hovering the rating shows the analyst count.

ATR (average true range)

How far a stock typically moves in a day, averaged over the last 14 daily bars. StratDeck measures a stock's distance from its EMA200 in ATRs, so a volatile stock and a quiet one are judged on the same scale.

Where you'll see it: Behind the EMA200 column in The Terminal.

Backtest

Replaying a rule over past prices to see how it would have done. StratDeck's EMA200 entry rule was replayed over 2000 to 2026 and scored against random entries. A backtest describes the past; it is not a forecast.

Where you'll see it: The backtesting write-up.

Beta

How much of the market's move a stock has taken. A beta of 1 moves with the market, above 1 moves more, below 1 moves less. StratDeck measures it from its own daily bars and shows it for context; it does not go into the value score.

Where you'll see it: The Beta column in the Advanced view of The Terminal, in Compare and on stock pages.

Briefing

The daily write-up on a theme's page: what changed across that theme's stocks and why it matters. A model writes it from a pack of facts (that day's prices, stories from the research feed and the catalysts ahead), and every item has to cite one of them or it is dropped.

Where you'll see it: Each theme's page and its briefing archive, and the daily email.

Catalyst

A dated event that could move a stock or a whole theme: an earnings report, a conference, a product launch, a macro release. StratDeck's catalyst calendar is curated by hand, each entry with a note on why it matters.

Where you'll see it: The catalyst calendar on a theme's page.

Crossed above / crossed below

A stock that has closed on the other side of its EMA200 within the last three daily bars: above it after closing below, or the reverse. A cross keeps being reported for three days, after which the stock is simply above or below the line.

Where you'll see it: The EMA200 column in The Terminal.

See also: EMA200, Near the EMA200, Trending up

Dividend yield

The dividends a company paid over the last year as a percentage of its share price. StratDeck takes the last year's dividends from SEC filings where it can, and otherwise annualises the latest dividend from Yahoo Finance. A company that pays nothing is not marked down in the value score; it is scored on its other factors.

Where you'll see it: The Yield column in The Terminal and the Fundamentals on a stock page.

Earnings date

The day a company next reports its results, the event most likely to move a stock sharply either way. The Earnings column counts the days to it, red for a week or less and amber for two weeks. Dates come from Yahoo Finance, and a dash means none is on file.

Where you'll see it: The Earnings column in The Terminal and on stock pages.

EMA200

The 200-day exponential moving average: an average of a stock's last 200 daily closes that gives recent days more weight than old ones. It smooths day-to-day noise into one long-term line, and investors commonly read a price above it as an uptrend and below it as a downtrend. StratDeck calculates it from Yahoo Finance daily bars.

Where you'll see it: The EMA200 column and stock charts.

EMA200 trend (rising, ranging, falling)

Which way the EMA200 line itself is pointing, separately from where the price sits. StratDeck fits the line's slope over the last 20 daily bars: a drift of more than 1% up is rising, more than 1% down is falling, and anything between is ranging. In the EMA200 column, two ticks mean rising, one ranging and a dash falling.

Where you'll see it: The EMA200 column in The Terminal.

Forward P/E

The share price divided by the earnings analysts expect over the next year, where the trailing P/E looks at the last four quarters. A loss-making company has no meaningful forward P/E, so it scores nothing on it rather than ranking as the cheapest.

Where you'll see it: The Fwd P/E column in The Terminal and Best Value.

Halal screen

Whether a company passes a published halal screen. StratDeck sets each call by hand: a tick means passed, a cross failed and a dash never screened. The flag is shown once you turn the halal screen on, and hovering it shows what the call rests on.

Where you'll see it: The Halal column in The Terminal, once switched on.

Market cap

The total market value of a company's shares: the share price multiplied by the number of shares. The MC$ column converts it to US dollars so companies on different exchanges compare. It comes from SEC EDGAR where the company files there, and otherwise Yahoo Finance.

Where you'll see it: The MC$ column in The Terminal and on stock pages.

Near the EMA200

A stock whose close is within half an ATR of its EMA200 without a fresh cross: close enough for the line to matter, measured in the stock's own typical daily moves rather than a fixed percentage.

Where you'll see it: The EMA200 column in The Terminal.

P/B (price to book)

A company's share price against its book value per share, which is what it owns less what it owes according to its accounts. Compare it within a sector, not across them. A negative book value reflects leverage rather than value, so it is not scored.

Where you'll see it: The P/B column in The Terminal and Best Value.

P/E (price to earnings)

The share price divided by the last four quarters of earnings per share: what you pay for each unit of profit. A normal P/E in one sector is expensive in another, so StratDeck ranks it against sector peers rather than on its own. A loss-making company has no P/E to score.

Where you'll see it: The P/E column in The Terminal and in Compare.

Percentile

Where a name stands among its peers on a measure, from 0 to 100, with higher always better: at the 90th percentile it beats 90% of them, which on a multiple means cheaper than 90% of them. The value score is built from percentiles within a sector rather than raw multiples, so one extreme name cannot skew the ranking.

Where you'll see it: The Terminal's story rail and the value panel on Best Value.

Region

Where a stock lists, read from the exchange suffix on its symbol. It is not where the company is based: a company can be domiciled in one country and listed in another.

Where you'll see it: The Region column in The Terminal.

Relative volume (RVol)

How busy the latest daily bar was against the median of the 20 before it. 1 is ordinary and 3 is three times the usual. Green marks 1.5 times or more; thin trade is worth a second look but is never on its own a reason to skip a stock.

Where you'll see it: The RVol column in The Terminal.

Research feed

A theme's stream of recent stories, drawn from Yahoo Finance news for each ticker and the theme's own industry feeds. A model judges which companies each story concerns, whether it reads bullish, bearish or mixed and how much it matters, and writes the one-line summary. Every story names its outlet and links to the original.

Where you'll see it: Each theme's page.

Revenue growth

Revenue in the latest quarter against the same quarter a year earlier, as a percentage. It is the value score's second axis: cheap and growing is the buy, cheap and shrinking is the trap. StratDeck uses revenue rather than earnings because earnings growth off a loss or a tiny base is undefined or explosive.

Where you'll see it: The value panel on Best Value and in the value verdicts.

Room to run

How far a stock's price is below its 52-week high, as a percentage of that high. More than 5% below is green: there is room before a new high. Less than 5% is amber, and at or above the high is grey, where the stock has to make a new high to go further.

Where you'll see it: The Room column in The Terminal.

Sector median

The middle reading across a sector's names: half sit above it and half below. The story rail shows the sector's median forward P/E, so a stock's own multiple can be read against its peers.

Where you'll see it: The Terminal's story rail.

Sector strength

The share of a sector's names that are trending up. Strong is 65% or more, Holding is 50% to under 65%, Mixed is 35% to under 50% and Weak is under 35%. The same count, taken across every name, gives the market's overall read.

Where you'll see it: The Sector column in The Terminal, and the sector and segment strength readouts across the site.

Theme

An industry StratDeck follows in depth, such as AI Infrastructure. Each theme has its own page with a daily briefing, a research feed, filings, a catalyst calendar and its stocks scored by segment.

Where you'll see it: The Themes menu and each theme's page.

See also: Briefing, Research feed, Catalyst

Value score

How cheap a stock is against the other names in its own sector, from four factors each turned into a percentile within that sector: forward P/E, which counts most, then price to book and yield, then trailing P/E. Comparing within a sector keeps the ranking like for like, since a good multiple in one industry is a poor one in another.

Where you'll see it: The Value column in The Terminal and Best Value, where the help button beside the score shows the weights.

Value trap

A stock that looks cheap because its business is deteriorating. Cheapness alone cannot tell a bargain from a trap, so StratDeck also looks at revenue growth: cheap and shrinking is labelled cheap for a reason.

Where you'll see it: The Value column and the value panel on Best Value.

Value verdict

The group revenue growth places a name in once the value score has ranked its cheapness. Stronger than peers is cheaper and growing faster. Worth the premium costs more but is growing faster. Cheap for a reason is cheaper but growing slower, or shrinking. Weakest in sector costs more and is growing slower.

Where you'll see it: The Value column in The Terminal and the panel on Best Value.

Watchlist

A list of the stocks you are tracking, kept with your free account.

Where you'll see it: The Watch button on every stock page, your account page and the watchlist filter in The Terminal.