NZ Securities Returns Pictured (UpicT)

An overview of the standard lines which appear most often in UpicT pictures

nominal-line:

A charting of market prices which ends with a recent quotation. This line may be subsumed by the "growth"-line where there are no additional identifiable returns in a stock's ownership. Apart from playing a minor calculational role as described under the "growth-line" heading, this line on its own (the snails spoor trail) is a fairly meaningless charting, not unlike those available gratis elsewhere on the internet. Due to this relative insignificance, note that the line is represented as quite feint and broken.


growth-line:

a mapping that tracks the value of a stock as the combination of nominal market quotation and returns, together with certain common financial assumptions ...(the gory details may be found in FAQ Q-4). Where there is a separate "nominal"-line, the distance between where those two lines intersect with any vertical ..(the gap), may be quantified against the Y-axis as the accumulated growth at that juncture. If you plot a vertical from a point on the growth-line to the X-axis it can be seen as having 2 sections, real growth (the gap) and nominal growth, and these sections are also in a relationship with each other. At the right-hand edge, that relationship can be applied to the paRETURN-RATE-% to distinguish between its real and nominal parts. .... (FAQ Q-5 usefully elaborates on these concepts).....



X-returns ... (APPROXIMATE DIVIDENDS RETURNS DATES):

These labels where X'd on the "growth/returns" line are approximate to the announcing, issuing and receiving times of individual dividends. FAQ Q-3 explains a bit more about this. From the position of the current juncture in the dividends cycle it is relatively easy to estimate then the extent of that influence in the most current quotation. To the extent that there is an imminent return coming due can be verified against the mandatory company forecasts and allowed for accordingly in stock valuation.


IC-RR line:

A picture of returns mapped to a recent market quotation. In most cases this picture visually represents the paRETURN-RATE quite closely, where that typically tends to be obscured by too many sharpish oscillations (concertinad patterns) in the growth line. Thus, being anchored on the right to a recent nominal market quotation, the intersection with the Y-axis on the left gives a good reading of the relative financial buy-in amount.... (ie "had I owned this stock for the period mapped, what did I pay for it relatively speaking?")....... For non-germane exceptions see FAQ Q-6.