Following one of our former articles, profit does not equal profit, we would like to address a related topic: the difference between profit and cash flow. When companies make profits, this does not necessarily mean that they have more money […]

This question may sound trivial, but in our opinion it is certainly justified. Since we are not afraid of international stocks either, let us look at the case of insolvency of a European and an American stock corporation. Back out […]

The capital asset pricing model – CAPM for short – is a model that explains price formation on stock markets. It was developedby William F. Sharpe and others in the 1960s. It is based on the portfolio theory developed a […]

Nowadays, nearly everyone knows the brand Volkswagen: “Das Auto” (“The Car”). With a turnover of €202 billion in 2014, Volkswagen is one of the largest companies in the world (eighth place in the Fortune Global 500 2014 ranking, based on […]

If you look at large, globally successful companies, you will soon notice that there are companies with an incredibly high earnings power that can, for example, be measured in terms of return on equity. This is a kind of internal […]

Buying and trading shares are established measures in today’s economy. So it is no surprise that private and business investors always reflect on how to expand and fully exploit their opportunities. In consideration of the current low level of interest […]

In the exchange rate tables of the daily newspaper and the financial news, you can often read or hear the hint that a value is traded “ex-dividend”. This shows that something in the share will change when the Annual General […]

The term best execution stands for the order execution principles of financial services institutions. These principles are applied if the customer has not made any special demands when placing an order. If there is no explicit instruction from the customer, […]