Glossary

The dashboard uses some terms that may not be obvious. This page is a reference — link to it from anywhere with /glossary/#term-slug.

Backtest

Running a strategy against historical price data to see how it would have performed. Used inside the Trading bot. Backtests can flatter results because they don’t fully model slippage, market impact, or behavioural pressure during real drawdowns.

Drawdown

The drop from a portfolio’s (or stock’s) most recent peak to a subsequent trough, expressed as a percentage. “Max drawdown” is the worst such drop over a given window. A useful risk measure: returns alone don’t tell you what you had to live through.

DCF

Discounted cash flow — a valuation method that estimates a company’s intrinsic value as the present value of its expected future cash flows. The Screener’s MS DCF report runs this end-to-end. See Screener.

EBITDA

Earnings before interest, taxes, depreciation, and amortisation. A common operating-profitability metric. Different sources sometimes calculate it slightly differently — when comparing companies, prefer one source consistently.

ETF

Exchange-traded fund — a basket of securities that trades like a single stock. ETFs typically track an index, a sector, or a theme.

Ex-date

The date on or after which a buyer is not entitled to a declared dividend or corporate action. To receive the dividend, you must own the stock before the ex-date.

LTP

Last traded price — the price at which a stock most recently traded. Shown in the Holdings and Positions tables. Distinct from “previous close,” which is the price at the prior session’s close.

MMI (Market Mood Index)

A composite indicator that estimates whether the broader market is in fear, neutral, or greed territory. Often used as a contrarian signal — extreme greed historically precedes corrections, extreme fear often marks bottoms. Don’t trade off it alone.

Monte Carlo

A simulation technique that models a system many times with randomised inputs to produce a distribution of outcomes — not a single forecast. Used in Simulations. Output is only as honest as the assumptions.

Moat

A durable competitive advantage that protects a company’s profits from competition (brand, network effects, switching costs, scale, regulatory). Featured in the Screener’s Bain analysis report.

Multi-agent (AI workflow)

An analysis that splits work across several specialised AI agents — one for fundamentals, one for technicals, one for news, etc. — and combines their outputs. Used in Stock evaluation and the longer Screener reports.

P/E ratio

Price-to-earnings ratio — a stock’s price divided by its earnings per share. A blunt valuation measure: useful as a starting point, misleading on its own. Compare across peers and over time.

P&L

Profit and loss — the gain or loss on a position. Shown in absolute (₹) and percentage form on Holdings and Positions.

Position (vs holding)

A holding is a long-term, settled position in your demat account. A position is an open trade that hasn’t yet settled into delivery (typically intraday, BTST, or futures/options). The dashboard treats them on separate pages.

Refresh

Force a re-fetch of data instead of using the short cache. Available on most pages as a button at the top right. Reloading the browser tab also works.

Restructuring

The dashboard’s term for a personalised, AI-generated rebalancing plan based on your current holdings, your risk profile, and your goals. See Restructuring.

Sentiment (in news)

A heuristic tag (positive / neutral / negative) applied to a news headline. A signal, not a recommendation — sentiment models can mis-classify headlines.

Sharpe ratio

A risk-adjusted return measure — return per unit of volatility. Higher is better. Used in Trading bot backtest output.

Slippage

The difference between the price a strategy expected to trade at and the price it actually got. Shows up most in fast-moving or thinly traded markets. Real trading always has slippage; backtests sometimes pretend it doesn’t.

Smallcase

A themed basket of stocks and/or ETFs you can buy together. The dashboard supports browsing curated smallcases, building custom ones, and tracking what you own. See Smallcases.

Universe (stock universe)

The set of stocks a tool considers — for example, the universe a Trading bot strategy can pick from, or the universe a screener filters across. Defining a tight universe usually beats casting a wide net.

VIX

A volatility index — a measure of expected market volatility over the near term. Often called the “fear gauge.” Tracked on Market overview.

Watchlist

A user-curated list of stocks to monitor. (The dashboard’s primary equivalent today is Manual investments plus per-page search; a dedicated watchlist surface may arrive in a later release.)

Weight (portfolio)

The percentage of your total portfolio represented by a single position. Tracked on Holdings. Drift in weights — one name growing to dominate — is a key signal that a rebalance may be due.