Understanding Derivative – Beyond Accounting Presented By Safwat Khalid
... the absolute level of interest rates, in the spread between two rates, in the shape of the yield curve or in any other interest rate relationship. Such changes usually affect securities inversely and can be reduced by diversifying (investing in fixed-income securities with different durations) or he ...
... the absolute level of interest rates, in the spread between two rates, in the shape of the yield curve or in any other interest rate relationship. Such changes usually affect securities inversely and can be reduced by diversifying (investing in fixed-income securities with different durations) or he ...
LoneStar 529 Fund Allocation Sheet
... Please refer to the most recent Plan Description and Savings Trust Agreement, as amended and supplemented. 1. Each Portfolio invests in the institutional (Y) share class of the applicable Underlying Investment, except Portfolios that invest in the L share class of Oppenheimer Institutional Money Mar ...
... Please refer to the most recent Plan Description and Savings Trust Agreement, as amended and supplemented. 1. Each Portfolio invests in the institutional (Y) share class of the applicable Underlying Investment, except Portfolios that invest in the L share class of Oppenheimer Institutional Money Mar ...
understanding margins
... to calculate the daily returns that can be calculated by using ‘LN’ (natural log) function in excel. Use the formula LN (today’s close price / yesterday’s close price) in the next column for calculating daily returns for all the days. Go to the end of the second column (after the last value) and use ...
... to calculate the daily returns that can be calculated by using ‘LN’ (natural log) function in excel. Use the formula LN (today’s close price / yesterday’s close price) in the next column for calculating daily returns for all the days. Go to the end of the second column (after the last value) and use ...
May 2016 Factsheet Monthly
... losses. Derivatives risk: A derivative may not perform as expected, and may create losses greater than the cost of the derivative. Emerging markets & frontier risk: Emerging markets, and especially frontier markets, generally carry greater political, legal, counterparty and operational risk. Equity ...
... losses. Derivatives risk: A derivative may not perform as expected, and may create losses greater than the cost of the derivative. Emerging markets & frontier risk: Emerging markets, and especially frontier markets, generally carry greater political, legal, counterparty and operational risk. Equity ...
On the Construction of an Early-Warning System for Systematic Risk
... If the rate is too high, it would weaken the bank’s capacity to avert risk. If the credit grows too fast, it would increase the fragility of the banking. It reflects the quality of the banks’ operation. ...
... If the rate is too high, it would weaken the bank’s capacity to avert risk. If the credit grows too fast, it would increase the fragility of the banking. It reflects the quality of the banks’ operation. ...
The Difficulty of Pricing “New Economy” Stocks
... within a homogenous group of comparable firms. In the case of technology stocks, these two pillars— historical track-record and positioning benchmarks—are either partially or completely lacking. Secondly, financial approaches relying on the risk premium concept (Capital Asset Pricing Model, options ...
... within a homogenous group of comparable firms. In the case of technology stocks, these two pillars— historical track-record and positioning benchmarks—are either partially or completely lacking. Secondly, financial approaches relying on the risk premium concept (Capital Asset Pricing Model, options ...
Investing in Common Stocks
... predicting the direction of the overall market. Some of the stock market’s most powerful moves have occurred during short periods, and investors who missed them in an effort to time major swings have suffered for their wrong moves. For example, $1 invested continuously in the stock market from 1977 ...
... predicting the direction of the overall market. Some of the stock market’s most powerful moves have occurred during short periods, and investors who missed them in an effort to time major swings have suffered for their wrong moves. For example, $1 invested continuously in the stock market from 1977 ...
Journal of Monetary Economics 22 (1988) 133-136. North
... rea~ m~er¢~ rate ~,!d the ?robabflity of the extreme event move inversely wouid be useful m rationalizing movements in the real interest rate during the last 100 years. For example, the perceived probability of a recurrence of a depression was probably high just after World War II and then declined. ...
... rea~ m~er¢~ rate ~,!d the ?robabflity of the extreme event move inversely wouid be useful m rationalizing movements in the real interest rate during the last 100 years. For example, the perceived probability of a recurrence of a depression was probably high just after World War II and then declined. ...
Active Management: Andrew Slimmon Shares His
... suggest a correlation between active share and excess returns.4 ...
... suggest a correlation between active share and excess returns.4 ...
Search in Asset Markets: Market Structure, Liquidity
... Figure 1. Effects of a Change in Dealers’ Market Power ...
... Figure 1. Effects of a Change in Dealers’ Market Power ...
Third Quarter International Markets Review and Outlook
... All data provided by Invesco unless otherwise noted. Lipper is the source for index and market return data as of Sept. 30, 2012. All figures and statistics quoted are as of Sept. 30, 2012 unless otherwise specified. The opinions expressed are those of the author, are based on current market conditions ...
... All data provided by Invesco unless otherwise noted. Lipper is the source for index and market return data as of Sept. 30, 2012. All figures and statistics quoted are as of Sept. 30, 2012 unless otherwise specified. The opinions expressed are those of the author, are based on current market conditions ...
Blackstone Alternative Multi
... Sharpe ratio is calculated by subtracting the risk-free rate – such as that of the 10-year U.S. Treasury bond – from the rate of return for a portfolio and dividing the result by the standard deviation of the portfolio returns. The greater a portfolio’s Sharpe ratio, the better its risk-adjusted per ...
... Sharpe ratio is calculated by subtracting the risk-free rate – such as that of the 10-year U.S. Treasury bond – from the rate of return for a portfolio and dividing the result by the standard deviation of the portfolio returns. The greater a portfolio’s Sharpe ratio, the better its risk-adjusted per ...
Augmented Returns for Riding the Yield Curve
... To conduct the RYC method an investor buys a debt security with a longer termto-maturity than the planned investment period. Then when the date of the planned investment period arrives the security is sold. If the yield curve was upward sloping and remained the same then the investor earns a higher ...
... To conduct the RYC method an investor buys a debt security with a longer termto-maturity than the planned investment period. Then when the date of the planned investment period arrives the security is sold. If the yield curve was upward sloping and remained the same then the investor earns a higher ...
PSSap Investment options and risk IBR
... amount invested is repayable. CSC invests in both Australian and international government bonds (such as inflation-linked and nominal, government and semi-government bonds issued by developed and emerging markets). This is generally considered a moderate risk investment as the predominant exposure i ...
... amount invested is repayable. CSC invests in both Australian and international government bonds (such as inflation-linked and nominal, government and semi-government bonds issued by developed and emerging markets). This is generally considered a moderate risk investment as the predominant exposure i ...
The Financialization of Commodity Futures Markets Christopher L. Gilbert
... fundamental but will nevertheless generate the required return. • In the end, reality catches up through supply-demand adjustment. In commodities, inventories become unsustainably high. The bubble bursts and price falls back to the fundamental. In the interim, the knowledge that the bubble will even ...
... fundamental but will nevertheless generate the required return. • In the end, reality catches up through supply-demand adjustment. In commodities, inventories become unsustainably high. The bubble bursts and price falls back to the fundamental. In the interim, the knowledge that the bubble will even ...
implied volatility - AlphaShark Trading
... The power of buying Out of the Money Calls. As the stock market goes down, implied volatility increases and as the stock market increases, volatility decreases. ...
... The power of buying Out of the Money Calls. As the stock market goes down, implied volatility increases and as the stock market increases, volatility decreases. ...
Hot Topics presentation March 2014
... Can a fair price be determined for active asset (investment) management fees? ...
... Can a fair price be determined for active asset (investment) management fees? ...
officer`s certificate
... To my knowledge, no event has occurred since the date of Customer’s, or its guarantor’s, most recent audited financial statements that could adversely affect Customer’s compliance with the capitalization criteria. - OR Customer is unable to meet the adequate capitalization criteria and instead Custo ...
... To my knowledge, no event has occurred since the date of Customer’s, or its guarantor’s, most recent audited financial statements that could adversely affect Customer’s compliance with the capitalization criteria. - OR Customer is unable to meet the adequate capitalization criteria and instead Custo ...
Investment Options and Risk
... Sustainable option is the only option investing in the sustainable asset class. Investing in the sustainable asset class/option means you are investing in companies that lead their industry peers in terms of sustainable business practice (‘Australian Sustainable Leaders’). The option seeks to captur ...
... Sustainable option is the only option investing in the sustainable asset class. Investing in the sustainable asset class/option means you are investing in companies that lead their industry peers in terms of sustainable business practice (‘Australian Sustainable Leaders’). The option seeks to captur ...
- Franklin Templeton Investments
... Rating™, measuring risk-adjusted returns against 408, 350 and 243 U.S.-domiciled Allocation—30% to 50% Equity mutual funds and exchange traded funds over the 3-, 5- and 10- year periods, respectively. A fund’s overall rating is derived from a weighted average of the performance figures associated wi ...
... Rating™, measuring risk-adjusted returns against 408, 350 and 243 U.S.-domiciled Allocation—30% to 50% Equity mutual funds and exchange traded funds over the 3-, 5- and 10- year periods, respectively. A fund’s overall rating is derived from a weighted average of the performance figures associated wi ...
Methodology and results of the calculation of weighted average cost
... Beta reflects a relative risk level of a company or an industry compared to all companies in the market. Beta is influenced by the amount of leverage the companies use. Beta value that is higher than one means that the company being analyzed is riskier compared to the average risk in the market and ...
... Beta reflects a relative risk level of a company or an industry compared to all companies in the market. Beta is influenced by the amount of leverage the companies use. Beta value that is higher than one means that the company being analyzed is riskier compared to the average risk in the market and ...
AUSTRALIAN COMMERCIAL REAL ESTATE
... the last House View. Looking forward, all the cyclical and structural thematics suggest outperformance in this sector will polarise towards the dominant centres and the neighbourhood centres, particularly those in strong population and income growth areas over the medium to long term. Simply, these ...
... the last House View. Looking forward, all the cyclical and structural thematics suggest outperformance in this sector will polarise towards the dominant centres and the neighbourhood centres, particularly those in strong population and income growth areas over the medium to long term. Simply, these ...
View Latest Issue - State Street Global Advisors
... competing with the Googles, Facebooks and Amazons of the future for the same kind of talent. And what becomes of the golden age when machine learning advances to the stage where human portfolio managers are no longer necessary, when we as an industry reach the same point as the joke about the fully ...
... competing with the Googles, Facebooks and Amazons of the future for the same kind of talent. And what becomes of the golden age when machine learning advances to the stage where human portfolio managers are no longer necessary, when we as an industry reach the same point as the joke about the fully ...
Beta (finance)
In finance, the beta (β) of an investment is a measure of the risk arising from exposure to general market movements as opposed to idiosyncratic factors. The market portfolio of all investable assets has a beta of exactly 1. A beta below 1 can indicate either an investment with lower volatility than the market, or a volatile investment whose price movements are not highly correlated with the market. An example of the first is a treasury bill: the price does not go up or down a lot, so it has a low beta. An example of the second is gold. The price of gold does go up and down a lot, but not in the same direction or at the same time as the market.A beta greater than one generally means that the asset both is volatile and tends to move up and down with the market. An example is a stock in a big technology company. Negative betas are possible for investments that tend to go down when the market goes up, and vice versa. There are few fundamental investments with consistent and significant negative betas, but some derivatives like equity put options can have large negative betas.Beta is important because it measures the risk of an investment that cannot be reduced by diversification. It does not measure the risk of an investment held on a stand-alone basis, but the amount of risk the investment adds to an already-diversified portfolio. In the capital asset pricing model, beta risk is the only kind of risk for which investors should receive an expected return higher than the risk-free rate of interest.The definition above covers only theoretical beta. The term is used in many related ways in finance. For example, the betas commonly quoted in mutual fund analyses generally measure the risk of the fund arising from exposure to a benchmark for the fund, rather than from exposure to the entire market portfolio. Thus they measure the amount of risk the fund adds to a diversified portfolio of funds of the same type, rather than to a portfolio diversified among all fund types.Beta decay refers to the tendency for a company with a high beta coefficient (β > 1) to have its beta coefficient decline to the market beta. It is an example of regression toward the mean.