secular trend


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Related to secular trend: seasonal variation

Secular Market

A market as defined by its overarching, long-term trends. Generally, a secular market refers to trends over a period of five or more years. A secular market may be bullish or bearish, and, in market analysis, takes precedence over opposite, short-term trends that happen within the secular market. For example, the Great Depression in the United States lasted from 1929 until World War II (certainly a bearish secular market). Even though some years saw significant GDP growth (including 14.2% growth in 1936), this did not prevent the secular market from being bearish. Thus, a secular market describes general trends in the market without regard for anomalous trends in the interim. See also: Cyclical market.

secular trend

The relatively consistent movement of a variable over a long period. A stock in a secular uptrend is an indicator that the security has experienced an extended period of rising prices.

secular trend

see SALES FORECASTING.
Secular trendclick for a larger image
Fig. 175 Secular trend. The movement in the UK's gross domestic product (volume basis), 1994–2003. Source: Office for National Statistics.

secular trend

a long-term movement, either upwards or downwards, in some economic variable. For example, Fig. 175 shows that the GROSS DOMESTIC PRODUCT (GDP) - in current prices - of the UK has risen steadily in the period since 1994. See also TIME-SERIES ANALYSIS, CYCLICAL FLUCTUATIONS.
References in periodicals archive ?
With the length of the leg bones being the best indicator of a person's height [25], the increase in the length of femur and tibia allowed the estimation of the increase in height and secular trend for the investigated period.
excluded obese boys from their study and were confident that, in healthy populations, the secular trend of stature increase has little impact on the timing of puberty in healthy boys.
However, only the responses to the pediatric case scenarios improved significantly among physicians in practice >10 years (p = 0.027) after accounting for the secular trend in Minnesota.
The outcome of the academic paper and government and accounting action varied by country, but the secular trend, in hindsight, is clear: a shift towards asset-liability matching, intended to reduce pension volatility and its subsequent effect on corporate profits.
In the very long-term, however, bulls like to point out that the secular trend of industrialization and urbanization in emerging market economies will likely drive commodities higher.
He begins by established a framework for interpretation which includes such aspects as the nature of farming, the pace of change or the secular trend, spatial diversity, and agricultural districts.
"The harsh reality is that weakening consumer demand, rising input costs of ink and newsprint, a slowdown in advertising, and a long term secular trend away from print towards online readership have already resulted in negative normalized free cash flow for Sun-Times of roughly $20 million per quarter on average since 2006," Davidson Kempner wrote.
We considered the effects of potential secular trend by systematically improving processes of care in the pre-HDC scenario, thereby decreasing the difference between the pre-HDC and HDC scenarios.
The topics include the secular trend of timing of puberty, the adrenal function of low-birthweight children, the molecular genetics of isolated hypogonadotropic hypogonadism and Kallmann syndrome, gonadotropin-releasing hormone analogue treatment for precocious puberty, polycycstic ovary syndrome in adolescence, and present and future options for preserving fertility in female adolescents with cancer.
Here, we evaluate whether this background antimicrobial use may be responsible for the downward secular trend in the prevalence of trachoma.
He said: "The outlook for worldwide growth is improving, the secular trend towards lower inflation and lower interest rates remains in place, and Japan is the key swing factor in the global outlook."