CBD Academy · free access

Understand before
you compare

Short, Morocco-focused explanations directly connected to the data displayed on the site

01

Essentials

8 reference guides

01

Read a trading session

Price, change, open, high, low and volume describe different realities. Always start with the date and trading status

02

Understand the spread

The bid is the best buy limit and the ask is the best sell limit. Their difference measures part of the immediate liquidity cost

03

Market capitalization

Market capitalization is the price multiplied by the number of shares. It measures the market value of equity, not the company’s full economic size

04

Earnings and P/E

P/E compares price with earnings per share. It is less meaningful when earnings are negative, exceptional or cyclical

05

Dividend and yield

Yield compares the latest dividend with the price. It guarantees neither the next payment nor a stable distribution

06

Compare two companies

Compare companies in the same sector and periods, then combine growth, profitability, debt, valuation and liquidity

07

History and volatility

Past performance depends on the starting point. Review several horizons, ranges and maximum drawdowns before drawing conclusions

08

Freshness and source

Financial data without a date or source is hard to interpret. CBD distinguishes market observation, fiscal year and collection date

02

Calculators

Explore the formulas

Yield calculator4%

Dividend per share ÷ price × 100

P/E calculator12,5×

Price ÷ earnings per share. P/E alone is not enough to value a company