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Term for a security whose price seems too high in light of its price history.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


Describing a person or entity with strong financial resources. There is no strict definition of how much one needs to have in order to be "wealthy," but, in general, it refers to one with more money or assets relative to others in a society. The wealthy drive economic growth. Some believe this ought to be encouraged, as it eventually makes the remainder of society wealthier; others, however, believe growth is strongest when the needs of multiple classes are balanced. A few others believe wealthy persons ought to have most of their resources confiscated and redistributed, but this is a minority opinion.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Of, relating to, or being a security price judged by some investors to be too high. For example, a new issue of stock may carry an offering price that many analysts consider rich. If too many investors and analysts believe the price is rich, the offering may be unsuccessful.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Spearman's tests (P < 0.05) were then performed for both total native richness (rarefacted) and species evenness with mean percent exotic cover at the gamma (site) scale for the study sites.
The Margalef's species richness index ranged from 12.38 for PTM to 21.72 for GRFR.
It is to calculate the distance between samples using the evolutionary and richness information of sample sequences to reflect whether there are significant microflora differences among samples.
Data analysis.--Analysis of variance (ANOVA) and linear regression were used to analyze the relationship between riparian width and avian species richness for Neotropical migrants, for year-round residents, and for all birds combined (Keller et al.
(2014) (in which bowl traps were operated at the same study site for the same time periods as the Malaise traps), the Chao1 estimate of bee richness for bowl traps placed at ground level (69.13) was about 64% of the Chao1 richness estimate (108.00) and about 83% of the observed species richness (83) collected by Malaise traps.
In the present study, we used the version 1.0 to create the best-fit composite standard sequence which provides the highest possible stratigraphic resolution and is used to generate the 'unbinned' richness curve.
(2013) Richness of human gut microbiome correlates with metabolic markers.
"Richness involves recreating the taste matrix of food to provide a depth of flavour and mouthfeel consumers recognise," said Nikki Karani, Global Marketing Head, Savoury, Givaudan.
Many hypotheses, which have been proposed to explain the species richness patterns, are divided into two broad categories, namely, Rapoport's elevational rule and those considering spatial and climatic factors.
Any residual greater than 4 times the standard deviation [20, page 83] for that period and area indicated the presence of an outlier and the species was removed from the calculation of Fisher's a but retained in richness data.
The present study identifies the variation in species richness and other community characteristics in elevation ranging from 2200 to 2500 m in the Garhwal Himalaya.