Definitions for "top-down"
An approach for analysing whole markets by using economic data, for predicting market direction, and estimating profit growth.
A method of examining things that first looks at higher-level phenomena and then tries to explain lower-level patterns in terms of the higher-level observations.
of an approach to a problem that begins at the highest conceptual level and works down to the details; "a top-down analysis might begin by looking at macro-economic trends"; "top-down programming"
An investment strategy which first finds the best sectors or industries to invest...
Investment strategy which looks at macro factors first, such as attractiveness of a sector or country, and then looks for securities within those sectors.
Stock selection based on analysis of the overall economy, be it worldwide or country specific. This initial research identifies favourable countries, markets and sectors to allocate funds to.
tracking error unsystematic risk
A modular program design in which the programmer starts thinking generally and then works down to specifics.
Creating small structures using gradual miniaturization.
An analysis technique in which the general rules and concepts are gathered first, and used as guidelines to explore and document more and more details.