Help with symbols

Can anyone tell me what the terms [B]y/y[/B] and [B]m/m[/B] mean in a quote such as the following:

At 7:15am we will have Abscol Retail coming out. The y/y number is expected to come out at 4.0%, and m/m is expected to come out at -0.1%. I would use 0.3 trigger on the m/m indicator.

y/y = year over year

m/m = month over month

Basically, the yearly and monthly number. So, in your example, 4.0% is the expected number versus last years number, and -0.1% is the expected number versus last month’s number. Makes sense?

I hope this helps.

I hate it when things begin to make sense, don’t you? And I guess [B]q/q[/B] would represent quarterly values.

Thanks for taking the time to reply. I found a million usages of it online but no explanation.

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You will also see YOY or YoY, etc. as a variation on the y/y type presentation.

Yes I have actually seen that!

I found a reference online at investopedia, under Dictionary-Acronyms, for QOQ, YOY, and MOM. According to investopedia, MOM does not have the same meaning as some quotes are using it for, so m/m and its variations must be a borrowing from the y/y and q/q concepts to fit monthly patterns.

Thanks for your input. :smiley: