Dependence Analysis of the Market Index Using Fuzzy c
... more specifically, the prediction of the return of the market index, which may be a large profit or loss for the investors, has been a challenge for statistics. The purpose is to use such prediction to assist an investor in decision making, altering its behavior biased by optimism or pessimism, with ...
... more specifically, the prediction of the return of the market index, which may be a large profit or loss for the investors, has been a challenge for statistics. The purpose is to use such prediction to assist an investor in decision making, altering its behavior biased by optimism or pessimism, with ...
Advanced Derivatives: swaps beyond plain vanilla Structured notes
... Borrow against hedged position at advantageous rate (Libor + 100 bp). Standard contracts available for large ($2 million) positions in liquid stock. Longer the term, higher upside percentage available. Cite: Braddock, 1997, “Zero-cost Collars,” Risk, November 1997. ...
... Borrow against hedged position at advantageous rate (Libor + 100 bp). Standard contracts available for large ($2 million) positions in liquid stock. Longer the term, higher upside percentage available. Cite: Braddock, 1997, “Zero-cost Collars,” Risk, November 1997. ...
Classes of Ratios
... Calculate Change in Short-Term Debt. If Short-Term Debt has increased from one year to the next, this is a source of cash. If it has decreased, this is a use of cash. Determine the Change in Long-Term Debt. Subtract Long-Term Debt only, at the end of the preceding year, from Long-Term Debt plus ...
... Calculate Change in Short-Term Debt. If Short-Term Debt has increased from one year to the next, this is a source of cash. If it has decreased, this is a use of cash. Determine the Change in Long-Term Debt. Subtract Long-Term Debt only, at the end of the preceding year, from Long-Term Debt plus ...
Lectures 15 to 17
... 1980s been a net debtor with W = A − L < 0. Negative external wealth would lead to a deficit on net factor income from abroad with r*W= r* (A − L) < 0. Yet as we saw in the last chapter, U.S. net factor income from abroad has been positive throughout this period. How can this be? The only way a net ...
... 1980s been a net debtor with W = A − L < 0. Negative external wealth would lead to a deficit on net factor income from abroad with r*W= r* (A − L) < 0. Yet as we saw in the last chapter, U.S. net factor income from abroad has been positive throughout this period. How can this be? The only way a net ...
EBITDA
... Some shortcomings of EBITDA • Does not truly represent operating cash flow as it is based on accrual accounting. (Revenue and expense are recognised when they occur, not when cash is actually spent or received) • EBITDA does not take into account Capital costs, as depreciation is excluded. • Does n ...
... Some shortcomings of EBITDA • Does not truly represent operating cash flow as it is based on accrual accounting. (Revenue and expense are recognised when they occur, not when cash is actually spent or received) • EBITDA does not take into account Capital costs, as depreciation is excluded. • Does n ...
Reconsidering Behaviour in Finance
... investments on basis of expected returns/risk tradeoff • Modigliani-Miller extend model to argue valuation of firms independent of debt structure (see OREF II) • Combination: the “efficient markets hypothesis” • Focus on portfolio allocation across investments at a point in time, rather than trend o ...
... investments on basis of expected returns/risk tradeoff • Modigliani-Miller extend model to argue valuation of firms independent of debt structure (see OREF II) • Combination: the “efficient markets hypothesis” • Focus on portfolio allocation across investments at a point in time, rather than trend o ...
Indrani De - Quaffers.org
... - Analyze the consistency of results over time so that outlier time periods are not driving the results ...
... - Analyze the consistency of results over time so that outlier time periods are not driving the results ...
average daily value traded in cash equities up ten
... In July, 17.5 million equity trades were carried out across the London Stock Exchange Group’s electronic order books, with a combined value of £136.1 billion (€162.9 billion) . The average daily value traded across the Group’s cash equity markets was £6.2 billion (€7.4 billion), a ten per cent incre ...
... In July, 17.5 million equity trades were carried out across the London Stock Exchange Group’s electronic order books, with a combined value of £136.1 billion (€162.9 billion) . The average daily value traded across the Group’s cash equity markets was £6.2 billion (€7.4 billion), a ten per cent incre ...
“Analysis of Long-Lived Assets, Part I: The Capitalization Decision”
... end of year 9 would be $33,000 ($195,000 – [9 X $18,000]). All the return ratios would be based on a low asset value. If the cost to replace this asset in year 9 is $400,000, then comparing income and return ratios for this company versus another one that had recently replaced similar assets at the ...
... end of year 9 would be $33,000 ($195,000 – [9 X $18,000]). All the return ratios would be based on a low asset value. If the cost to replace this asset in year 9 is $400,000, then comparing income and return ratios for this company versus another one that had recently replaced similar assets at the ...
The five fundamental principles of property investment in 2013
... Before you even begin to think about buying BSV, would you be happy to sell your property for 25% below its surveyed value? Probably not! However, people sell BSV for many reasons. Many still have decent equity in the property but can’t release it due to the lack of buyers, the speed at which they w ...
... Before you even begin to think about buying BSV, would you be happy to sell your property for 25% below its surveyed value? Probably not! However, people sell BSV for many reasons. Many still have decent equity in the property but can’t release it due to the lack of buyers, the speed at which they w ...
Company Overview - Cabot Credit Management
... 2 Estimated remaining collections, which represents the expected gross cash proceeds of our purchased assets over an 84-month period 3 25% represents an illustrative assumption of the full cost of collections over a 7 year period, which is used to calculate the net 84 month ERC shown above 4 ERC was ...
... 2 Estimated remaining collections, which represents the expected gross cash proceeds of our purchased assets over an 84-month period 3 25% represents an illustrative assumption of the full cost of collections over a 7 year period, which is used to calculate the net 84 month ERC shown above 4 ERC was ...
T14.1 Chapter Outline
... stock outstanding, 1 million shares of 6 percent preferred outstanding, and 100,000 $1,000 par, 9 percent semiannual coupon bonds outstanding. The common stock sells for $35 per share and has a beta of 1.0, the preferred stock sells for $60 per share, and the bonds have 15 years to maturity and sell ...
... stock outstanding, 1 million shares of 6 percent preferred outstanding, and 100,000 $1,000 par, 9 percent semiannual coupon bonds outstanding. The common stock sells for $35 per share and has a beta of 1.0, the preferred stock sells for $60 per share, and the bonds have 15 years to maturity and sell ...
Weak-form Market Efficiency of Shanghai Stock Exchange: An
... the CAPM and another set of tests on the trading strategies are used. We propose the tests of the CAPM on two methodologies, which are a preliminary test and the Fama-MacBeth regressions. The first one is based on the CAPM’s assumption that the stock with higher risk should obtain greater return tha ...
... the CAPM and another set of tests on the trading strategies are used. We propose the tests of the CAPM on two methodologies, which are a preliminary test and the Fama-MacBeth regressions. The first one is based on the CAPM’s assumption that the stock with higher risk should obtain greater return tha ...
WORKING CAPITAL MANAGEMENT What is Working Capital
... Management should also identify the appropriate source of financing. They should also compare the interest rate paid on borrowings with Return on capital so as to take correct financing and investment decisions ...
... Management should also identify the appropriate source of financing. They should also compare the interest rate paid on borrowings with Return on capital so as to take correct financing and investment decisions ...
Q4 2016 Reconciliations of Non-GAAP Measures
... market value in accordance with the LCM rule, consistent with GAAP. This adjustment is related to our use of LIFO accounting and the decline in pricing for many of our raw material and finished goods inventories. We report our financial results in accordance with U.S. generally accepted accounting p ...
... market value in accordance with the LCM rule, consistent with GAAP. This adjustment is related to our use of LIFO accounting and the decline in pricing for many of our raw material and finished goods inventories. We report our financial results in accordance with U.S. generally accepted accounting p ...
Supplementary Material to - University of Notre Dame
... exposed to long-run risk. Higher cash flow covariance (λi ) should lead to higher risk premium as in (11). Since φn−1 + (ρ1 − ρ2 )A(n − 1) is decreasing in n after year 2, the interaction between cash flow covariance and duration will be very similar to that in the simple economy. When cash flow cov ...
... exposed to long-run risk. Higher cash flow covariance (λi ) should lead to higher risk premium as in (11). Since φn−1 + (ρ1 − ρ2 )A(n − 1) is decreasing in n after year 2, the interaction between cash flow covariance and duration will be very similar to that in the simple economy. When cash flow cov ...
Statement of Cash Flows
... obligations from operating cash flows? Can it continue to meet these obligations without reducing operating flexibility? How much is invested in growth? Are these investments consistent with the ...
... obligations from operating cash flows? Can it continue to meet these obligations without reducing operating flexibility? How much is invested in growth? Are these investments consistent with the ...
Continuous-Time Mean-Variance Portfolio Selection with
... a given expected terminal target. To the best of our knowledge, despite active research efforts in this direction in recent years, there has been little progress in the continuoustime mean-variance problem with the mixed restriction of both bankruptcy prohibition and convex cone portfolio constraint ...
... a given expected terminal target. To the best of our knowledge, despite active research efforts in this direction in recent years, there has been little progress in the continuoustime mean-variance problem with the mixed restriction of both bankruptcy prohibition and convex cone portfolio constraint ...
Do Firms` Intrinsically Determined Enterprise Values Corroborate
... While there have been several improvisations to the classical DDM approach to equity valuation acclaimed for its simplistic approach; there are several limitations associated with valuation when restricted purely as an equity measure. The fact that the figure of equity earnings is arrived only after ...
... While there have been several improvisations to the classical DDM approach to equity valuation acclaimed for its simplistic approach; there are several limitations associated with valuation when restricted purely as an equity measure. The fact that the figure of equity earnings is arrived only after ...
