Papa John’s International, Inc. (PZZA) shares rose more than 6% during Tuesday’s session after the company reported preliminary first quarter comparable sales that rose 5.3% in North America and 2.3% in international markets. While sales were adversely affected by the cancellation of large gatherings, international and domestic businesses have fared well as customers and communities…
What is an Iron Butterfly? An iron butterfly is an options trade that uses four different contracts as part of a strategy to benefit from stocks or futures prices that move within a defined range. The trade is also constructed to benefit from a decline in implied volatility. The key to using this trade as…
What Is the Iterated Prisoner’s Dilemma? The iterated prisoner’s dilemma is an extension of the general form except the game is repeatedly played by the same participants. An iterated prisoner’s dilemma differs from the original concept of a prisoner’s dilemma because participants can learn about the behavioral tendencies of their counterparty. The iterated prisoner’s dilemma…
What Is Absolute Frequency? Absolute frequency is a statistical term describing the number of times a particular piece of data or a particular value appears during a trial or set of trials. Essentially, absolute frequency is a simple count of the number of times a value is observed. Absolute frequency is usually expressed as a…
The correlation coefficient has limited ability in predicting returns in the stock market for individual stocks. Still, the statistical measurement may have value in predicting the extent to which two stocks move in relation to each other because the correlation coefficient is a measure of the relationship between how two stocks move in tandem with…
Stock exchanges allow investors and traders to make money by providing them with a marketplace for trading securities. They also allow companies to raise money by listing different kinds of securities. Exchanges collect transaction fees from market participants and companies in exchange for providing such services. They also offer various products and services used for…
Efficiency refers to the optimal use of resources to ensure the best possible results. So if all processes are properly optimized, companies can reach their maximum efficiency and, therefore, improve their bottom line. But doing this isn’t easy—it means analyzing each and every step in the process and recognizing deficiencies. These shortcomings can then be…
Retailers are furloughing hundreds of thousands due to COVID-19 What does furlough mean & how is it different from layoffs? St. Louis Fed 47 million could lose jobs in Q2 Several large retail companies, including Macy’s (M), Gap (GPS), Kohl’s (KSS) and Neiman Marcus, announced furloughs yesterday as the COVID-19 outbreak forces non-essential businesses to…
Macy’s, Inc. (M) just announced that the majority of its nationwide work force will be laid off in an effort to survive the pandemic. The company didn’t specify a return-to-work date, advising that health benefits will continue through May. Kohl’s Corporation (KSS) followed with a similar statement. This requires workers at both retailers to seek…