EXAMEN DE ADMISIÓN

ESCUELA DE NEGOCIOS

Maestría en Finanzas
Director: Germán Fermo

Glosario

Stock Market: The "stock market" refers to a marketplace where

shares of publicly traded companies are bought and sold. It provides a
platform for investors to trade stocks, which represent ownership in
those companies.

Correlation: "Correlation" in a business context refers to the statistical

relationship between two or more variables. A positive correlation
indicates that the variables move in the same direction, while a
negative correlation means they move in opposite directions.

Financial Return: "Financial return" refers to the profit or loss realized

from an investment over a specific period of time.

Mutual Fund Flows: "Mutual fund flows" refer to the movement of

money into or out of a mutual fund.

Inflows: "Inflows" specifically refer to the movement of funds or

capital into a particular investment, fund, or financial market. It reflects
the money coming into a particular asset or vehicle.

Devise: In business, "devise" means to create, invent, or formulate a

plan, strategy, or solution. It involves designing a method or approach
to achieve a specific objective.

Trading Strategy: A "trading strategy" is a systematic plan or

approach that investors or traders use to buy and sell securities in
financial markets. It outlines the rules, criteria, and methods for
making trading decisions.

Economic Fundamentals: "Economic fundamentals" refer to the

underlying factors that influence economic conditions and market
behavior. This includes elements like interest rates, inflation,
unemployment, and GDP growth.

Irrational: In business, "irrational" describes behaviors or decisions

that are not based on logic or sound reasoning. Irrational behavior can
be driven by emotions, biases, or impulsive actions.

Countervailing: "Countervailing" refers to something that counteracts

or balances the effect of another force or factor. In business, it often
refers to actions or influences that offset the impact of a particular
event or decision.

Reverse Causality: "Reverse causality" refers to a situation where the

expected cause-and-effect relationship is actually reversed. In other
words, instead of one event causing another, the second event causes
the first.

Banned: "Banned" means officially prohibited or not allowed. In a

business context, it could refer to actions, practices, or securities that
have been restricted or disallowed by regulatory authorities.

Comprehensive: "Comprehensive" refers to something that is all-

encompassing, thorough, or complete in its coverage. In business, a
comprehensive approach considers all relevant factors and details to
provide a well-rounded understanding or solution.