CFA Glossary A full glossary of financial terms, sourced from the CFA Program curriculum

J factor risk
The risk associated with a judge’s track record in adjudicating bankruptcies and restructuring.

Joint probability
The probability of the joint occurrence of stated events.

Joint probability function
A function giving the probability of joint occurrences of values of stated random variables.

Related Terms: Joint probability 

Justified P/E
The price-to-earnings ratio that is fair, warranted, or justified on the basis of forecasted fundamentals.

Synonyms: fundamental P/E

Justified price multiple
The estimated fair value of the price multiple, usually based on forecasted fundamentals or comparables.

Synonyms: warranted price multiple intrinsic price multiple

Just-in-time method
Method of managing inventory that minimizes in-process inventory stocks.