Head And Shoulders Pattern
What is a 'Head And Shoulders Pattern' In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy,...
Hard Currency
What is 'Hard Currency' Hard currency is a currency widely accepted around the world as a form of payment for goods and services. A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex, or foreign exchange (FX), market. A hard currency generally comes from a nation with...
Halloween Massacre
Definition"Halloween Massacre" is the term associated with the major reorganization of United States president Gerald Ford's cabinet on November 4, 1975, which was an attempt to address multiple high-level personality and policy clashes within the administration. The overhaul came at a time when the president's leadership abilities were being broadly questioned, and he was being heavily criticized by California...
Harmonic Average
DefinitionIn mathematics, the harmonic mean is one of several kinds of average, and in particular one of the Pythagorean means. Typically, it is appropriate for situations when the average of rates is desired. Harmonic Average What is 'Harmonic Average' The mean of a set of positive variables. Calculated by dividing the number of observations by the reciprocal...
Heavy Industry
What is Heavy Industry Heavy industry is a category of manufacturing that involves the production of large, bulky products such as cars, trains, ships, and airplanes. These products are typically made from raw materials such as iron and steel, which are extracted from the earth through mining operations. The manufacturing process for heavy industry products is generally much more complex...
Handelsgesetzbuch (HGB)
What is 'Handelsgesetzbuch - HGB' A law that governs the primary commercial code for companies in Germany. Included in the law is regulation related to the preparation of financial statements. This law is similar to GAAP, which is followed in the United States. Explaining 'Handelsgesetzbuch - HGB' The commercial code of Germany was first...
Head Trader
What is 'Head Trader' The manager of a trading business. He or she is responsible for the positions, risk and ultimate profitability of that business. In a registered securities firm, the head trader supervises all traders and other personnel within his or her purview. Most notably, the head trader is charged with insuring regulatory and internal compliance...
Hard Skills
What are 'Hard Skills' Hard skills are specific, teachable abilities that can be defined and measured, such as typing, writing, math, reading and the ability to use software programs. By contrast, soft skills are less tangible and harder to quantify, such as etiquette, getting along with others, listening and engaging in small talk. In business, hard skills...
Hard Call Protection
What is 'Hard Call Protection' If a callable bond is issued, there is a window of time throughout its existence during which the issuing business is not authorized to redeem it. In order to entice investors, hard call bonds include this feature. This is because even if interest rates fall, which would normally result in a bond being called and...
Hands-On Investor
What is 'Hands-On Investor' An investor who holds a large portion of a company's shares and takes an active management role. A hands-on investor can also be called a majority shareholder, or activist shareholder. Such investors see their ownership stake in a firm as the reason to become actively engaged in the firm's decision making process. ...