Rankings/orders we should know -- any help would be great

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jdoug1234

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Anyone care to add to this short list of rankings/orders that we should know:
Bond equivalent yield (BEY) > Money market yield (MMY) > Discount basis yield (DBY)
Positive (right) skew: Mean > Median > Mode
Negative (left) skew: Mean < Median < Mode
Coupon rate > yield –> Premium to par value
Coupon rate < yield –> Discount to par value
Investment grade: Baa3/BBB- or above
Non-investment grade: Ba1/BB+ or below
Harmonic < Geometric < Arithmetic
 
68% : +/- 1 Standard deviation (S.D.)
90%: +/- 1.65 S.D.
95%: +/- 1.96 S.D.
99%: +/- 2.58 S.D.
Cash conversion cycle (net operating cycle): Days Sales Outstanding + Days Inventory On Hand - Number of Days Payable
Operating cyle: Days Sales Outstanding + Days Inventory On Hand
 
EAY > BEY > MMY > BDY
Harmonic < Geometric <= Arithmetic
 
Some Mnemonics:
IFRS Characteristics: VUCT (Verifiability, Understandability, Comparability, Timeliness)
OCI Components: PUFE (Pension Adj., Unrealized Gains and Losses, Foreign Exchange Adj., Effective Portion of CF Hedges)
Leases Criteria: SNOB (75% Life, 90% Value, Ownership, Bargaining Option)
 
Forward Parity:
C+B = S+P
(caw Boy singing pretty)
I saw it on Schweser
 
I don’t believe your first equation always hold true. I think it depends on scenarios? For example, I think if the bond is a premium bond, then I think Bank discount yield is greater than MMY.
 
Thanks guys….if you have anymore, please feel free to add.
 
FICC DR RiPS
Fundamentals of compliance
Input data
Calculation methodology
Composite construction
Disclosures
Reporting and presentation
Real estate
Private Equity
SMA
 
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