Assume a portfolio analyst monitors Company C0 and all published news reported on C0. This analyst is particularly astute and knows C1 is a supplier to C0 and watches for news reported on C1 as well (first order relationship). But is the analyst aware that yet another company, C2 supplies C1 (second order relationship)? C2 might seem to have a low impact to the analyst's portfolio as it is 2 steps away and not an asset actually in the portfolio. However, a meaningful impact may exist for C0, if raw materials become unavailable at C2 or another distant connection, N steps away. This is similar to how
John Lee is a Baltimore County Reporter, focusing on local news in Nutley, New Jersey. His work has been featured in various publications, including TAPinto.net, Iraq Business News, and WYPR. John covers a range of topics, including weather updates, theater events, infrastructure projects, and economic developments in the region.