Stock market booms and real economic activity: Is this time different?
... M. Binswanger / International Review of Economics and Finance 9 (2000) 387–415 ...
... M. Binswanger / International Review of Economics and Finance 9 (2000) 387–415 ...
Pairs Trading in the UK Equity Market Risk and Return
... the full sample period, the average annual returns for the strategy range from 6.2% to 9.5% net of transaction costs compared to the FTSE All-Share Index average annual total return of 10.9%. The average annual standard deviation for the pairs trading portfolios (between 4.4% and 5.8%) is considera ...
... the full sample period, the average annual returns for the strategy range from 6.2% to 9.5% net of transaction costs compared to the FTSE All-Share Index average annual total return of 10.9%. The average annual standard deviation for the pairs trading portfolios (between 4.4% and 5.8%) is considera ...
View
... As you can see, the cost of external equity, 21.13 percent, is greater than the cost of retained earnings we computed earlier using the DCF approach, which was 20 percent. This means the firm must earn a return equal to 21.13 percent. To see what the cost of external equity really means, suppose a f ...
... As you can see, the cost of external equity, 21.13 percent, is greater than the cost of retained earnings we computed earlier using the DCF approach, which was 20 percent. This means the firm must earn a return equal to 21.13 percent. To see what the cost of external equity really means, suppose a f ...
CLUSTERING STOCK MARKET COMPANIES VIA K
... Nanda et al. (2010) used stock returns at different times from the stocks of Bombay Stock Exchange for the fiscal year 2007–2008 in order to manage portfolio. Results of analyses indicated that K-means cluster analysis builds the most compact clusters as compared to SOM and Fuzzy C-means for stock c ...
... Nanda et al. (2010) used stock returns at different times from the stocks of Bombay Stock Exchange for the fiscal year 2007–2008 in order to manage portfolio. Results of analyses indicated that K-means cluster analysis builds the most compact clusters as compared to SOM and Fuzzy C-means for stock c ...
Data Mining, Arbitraged Away, or Here to Stay?
... mitigate the risks associated with unintended “data mining” continuously searching for return predictability in a fixed historical record that inevitably mischaracterizes randomness as a systematic factor deserving of a standalone, prospective risk premium. ...
... mitigate the risks associated with unintended “data mining” continuously searching for return predictability in a fixed historical record that inevitably mischaracterizes randomness as a systematic factor deserving of a standalone, prospective risk premium. ...
Contributed Capital
... The exercise price (or option price) is the set price at which the corporation grants employees the right to purchase shares of stock some time in the future in exchange for services. The rights are usually issued in the form of nontransferable warrants. Historically, the intrinsic value method was ...
... The exercise price (or option price) is the set price at which the corporation grants employees the right to purchase shares of stock some time in the future in exchange for services. The rights are usually issued in the form of nontransferable warrants. Historically, the intrinsic value method was ...
CHAPTER 16
... Securities such as convertible debt or stock options are dilutive because their features indicate that the holders of the securities can become common shareholders. When the common shares are issued, there will be a reduction—dilution—in earnings per share. ...
... Securities such as convertible debt or stock options are dilutive because their features indicate that the holders of the securities can become common shareholders. When the common shares are issued, there will be a reduction—dilution—in earnings per share. ...
Commercial Real Estate - PowerPoint Presentation for Chapter 22
... This means equilibrium price of this asset should be $100. But you find an asset like this whose price is $83. This means it is providing an E[r] of 12% ( = 10 / 83 ). Thus, if model is correct, you should buy this asset for $83. Because at that price it is providing a “supernormal” return, and beca ...
... This means equilibrium price of this asset should be $100. But you find an asset like this whose price is $83. This means it is providing an E[r] of 12% ( = 10 / 83 ). Thus, if model is correct, you should buy this asset for $83. Because at that price it is providing a “supernormal” return, and beca ...
My Life in Finance - The University of Chicago Booth School of
... regresses the ex post inflation rate on the ex ante interest rate. On hindsight, this is the obvious way to run the forecasting regression, but again it wasn’t obvious at the time. There is a potential measurement error problem in the regression of the ex post inflation rate on the ex ante (T-bill) ...
... regresses the ex post inflation rate on the ex ante interest rate. On hindsight, this is the obvious way to run the forecasting regression, but again it wasn’t obvious at the time. There is a potential measurement error problem in the regression of the ex post inflation rate on the ex ante (T-bill) ...
Key Investor Information This document provides you
... Prospectus and Reports: Copies of the Prospectus (including the Fund Information Card) and the annual and half-yearly reports of ANIMA Funds plc may be obtained from the Administrator, free of charge, or by visiting www.animafunds.ie. These documents are available in English. NAV / Pricing: The Net ...
... Prospectus and Reports: Copies of the Prospectus (including the Fund Information Card) and the annual and half-yearly reports of ANIMA Funds plc may be obtained from the Administrator, free of charge, or by visiting www.animafunds.ie. These documents are available in English. NAV / Pricing: The Net ...
On a long-term chart, trend lines drawn with closing price are more
... 1. Draw trend lines through the lows of an up-trend — and through the highs of a downtrend; 2. On long-term charts, draw trend lines through closing prices; 3. Use either normal or log scale charts but be aware of their respective weaknesses; 4. Trend lines must be respected by at least three lows ( ...
... 1. Draw trend lines through the lows of an up-trend — and through the highs of a downtrend; 2. On long-term charts, draw trend lines through closing prices; 3. Use either normal or log scale charts but be aware of their respective weaknesses; 4. Trend lines must be respected by at least three lows ( ...
Trade the Right Stocks at the Right Time
... This seminar, Trade the Right Stocks at the Right Time, was prepared for educational purposes only. Its contents do not recommend, advocate or urge the buying, selling, or holding of any financial instruments. The author expresses personal opinions in the seminar contents, herein, and will not assum ...
... This seminar, Trade the Right Stocks at the Right Time, was prepared for educational purposes only. Its contents do not recommend, advocate or urge the buying, selling, or holding of any financial instruments. The author expresses personal opinions in the seminar contents, herein, and will not assum ...
How Quickly Do Markets Learn? Private Information Dissemination
... Our study makes a distinct contribution to the vast literature on information and asset pricing by making usually unobservable private information the subject of empirical tests, complementing the common approaches that rely on transaction and order flow information (for a comprehensive survey, see ...
... Our study makes a distinct contribution to the vast literature on information and asset pricing by making usually unobservable private information the subject of empirical tests, complementing the common approaches that rely on transaction and order flow information (for a comprehensive survey, see ...
Risk-taking behavior of Commodity Trading Advisors
... is expressed in terms of 2014 dollars, we include a fund in 1994, for example, if it has more than about $ 6 million in AUM in 1994. Once a fund passes the minimum AUM threshold, it is included in all subsequent tests to avoid creating selection bias. Unfortunately, many funds, including very succes ...
... is expressed in terms of 2014 dollars, we include a fund in 1994, for example, if it has more than about $ 6 million in AUM in 1994. Once a fund passes the minimum AUM threshold, it is included in all subsequent tests to avoid creating selection bias. Unfortunately, many funds, including very succes ...
Exploring Solutions to Global Environmental Problems: The Case of
... model is simplified with regard to fishing intensity on ecosystem capacity in particular and in general our model contains less detail in terms of overall number of variables. Although the model is simplified with respect to the above and uses an aggregate depiction of fish stock (and not a more acc ...
... model is simplified with regard to fishing intensity on ecosystem capacity in particular and in general our model contains less detail in terms of overall number of variables. Although the model is simplified with respect to the above and uses an aggregate depiction of fish stock (and not a more acc ...
deed of undertaking - Living in the Philippines
... the said time deposit is under the SIRV program for a minimum maturity period of thirty (30) days but not to exceed one hundred eighty (180) days. The said peso time deposit shall earn interest based on the rates approved by the DBP or LBP, whichever is applicable, less the appropriate tax thereof. ...
... the said time deposit is under the SIRV program for a minimum maturity period of thirty (30) days but not to exceed one hundred eighty (180) days. The said peso time deposit shall earn interest based on the rates approved by the DBP or LBP, whichever is applicable, less the appropriate tax thereof. ...
Phillip Securities Account Opening Application. (Only
... a) a purchase of units in a money market fund is not the same as placing funds on deposit with a bank or deposit-taking company, b) money market funds are unit trusts that invest in short-term deposits and high quality debt securities, c) although the fund managers may seek to maintain or preserve t ...
... a) a purchase of units in a money market fund is not the same as placing funds on deposit with a bank or deposit-taking company, b) money market funds are unit trusts that invest in short-term deposits and high quality debt securities, c) although the fund managers may seek to maintain or preserve t ...
Nascent markets: Understanding the success and failure of new
... nascent markets, although they increase as markets mature. This suggests that nascent markets may initially thrive according to some measures but not others, and it only becomes clear over time which markets succeed in attaining a high number of listings, large aggregate market cap, as well as high ...
... nascent markets, although they increase as markets mature. This suggests that nascent markets may initially thrive according to some measures but not others, and it only becomes clear over time which markets succeed in attaining a high number of listings, large aggregate market cap, as well as high ...
Emerging Market Volatility - Columbia Threadneedle ETF
... These funds are non-diversified and, as a result, may have greater volatility than diversified funds. These funds will concentrate their investments in issuers of one or more particular industries to the same extent as the underlying index. Concentration risk results from maintaining exposure to iss ...
... These funds are non-diversified and, as a result, may have greater volatility than diversified funds. These funds will concentrate their investments in issuers of one or more particular industries to the same extent as the underlying index. Concentration risk results from maintaining exposure to iss ...
Practical Applications of Post Modern Portfolio Theory
... Many investors use managed mutual funds to allocate their investment portfolio. Although mutual funds offer a basket of professionally managed and diversified securities, they also have significant problems, including high fees, hidden costs, uncertainty of holdings and uncertainty of taxes. When in ...
... Many investors use managed mutual funds to allocate their investment portfolio. Although mutual funds offer a basket of professionally managed and diversified securities, they also have significant problems, including high fees, hidden costs, uncertainty of holdings and uncertainty of taxes. When in ...
Financial Leverage Does Not Cause the Leverage Effect
... In both economies, the cash flows generated by a firm’s assets are specified exogenously, have a constant volatility, and are split into an exogenously specified riskless debt service and a dividend stream to equityholders. We derive the equilibrium prices and dynamics of all financial claims. We ar ...
... In both economies, the cash flows generated by a firm’s assets are specified exogenously, have a constant volatility, and are split into an exogenously specified riskless debt service and a dividend stream to equityholders. We derive the equilibrium prices and dynamics of all financial claims. We ar ...
The High Dividend Yield Return Advantage
... Banking & Finance (1998), Gareth Morgan and Stephen Thomas of the University of Southampton also found a return premium associated with higher dividend yield securities, but their data rejected a tax-based explanation since in the UK dividend income is taxed more favorably than capital gains. Using ...
... Banking & Finance (1998), Gareth Morgan and Stephen Thomas of the University of Southampton also found a return premium associated with higher dividend yield securities, but their data rejected a tax-based explanation since in the UK dividend income is taxed more favorably than capital gains. Using ...
0000355811-15-000045 - Gentex Investor Relations
... On July 9, 2015 the FASB decided to defer by one year the effective dates of the new standard for both public and nonpublic entities reporting under US GAAP. Early adoption would be permitted for all entities, but not before the original public entity effective date (i.e. annual and interim periods ...
... On July 9, 2015 the FASB decided to defer by one year the effective dates of the new standard for both public and nonpublic entities reporting under US GAAP. Early adoption would be permitted for all entities, but not before the original public entity effective date (i.e. annual and interim periods ...
Stock trader
A stock trader or equity trader or share trader is a person or company involved in trading equity securities. Stock traders may be an agent, hedger, arbitrageur, speculator, stockbroker or investor. A stock investor is an individual or company who puts money to use by the purchase of equity securities, offering potential profitable returns, as interest, income, or appreciation in value (capital gains). This buy-and-hold long term strategy is passive in nature, as opposed to speculation, which is typically active in nature. Many stock speculators will trade bonds (and possibly other financial assets) as well. Stock speculation is a risky and complex occupation because the direction of the markets are generally unpredictable and lack transparency, also financial regulators are sometimes unable to adequately detect, prevent and remediate irregularities committed by malicious listed companies or other financial market participants. In addition, the financial markets are usually subjected to speculation.