Profit factor
Risk & psychologyGross profit divided by gross loss.
In plain terms
Hides whether one enormous winner carried the whole result.
1678 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
Read the full lesson →
COGS
AccountingAlso called: Cost of goods sold
Cost of goods sold — the direct cost of producing what was actually sold in the period.
In plain terms
Revenue minus this is gross profit, the purest read on pricing power. Rising faster than revenue means input costs are not being passed on.
Gross refining margin
Fundamental analysisAlso called: GRM
The value of a refinery’s products minus the cost of the crude it processed, in dollars per barrel.
In plain terms
A refiner’s gross profit per barrel; compare it with a regional benchmark such as the Singapore GRM.