Volatility and Risk Management
... even establishing a processing margin protects them against adverse price moves from the level at which they fixed the price or margin. That may achieve important risk management objectives such as the ability to service debt, meet key financial targets or secure financing for expansions. However, f ...
... even establishing a processing margin protects them against adverse price moves from the level at which they fixed the price or margin. That may achieve important risk management objectives such as the ability to service debt, meet key financial targets or secure financing for expansions. However, f ...
Fund Manager Sector Minimum Investment Fund Size
... tax, se�lement and poten�al limita�ons on the availability of market informa�on. The por�olios may be capped at any �me in order for them to be managed in accordance with their mandate. Excessive withdrawals from the por�olio may place the por�olio under liquidity pressures and in such circumstances ...
... tax, se�lement and poten�al limita�ons on the availability of market informa�on. The por�olios may be capped at any �me in order for them to be managed in accordance with their mandate. Excessive withdrawals from the por�olio may place the por�olio under liquidity pressures and in such circumstances ...
Price dynamics with bounded rationality under different market
... choose one or few points from their demand curves) add destabilizing noise, which can be amplified, when the fundamental equilibrium is unstable. As a result, the generated time series remind the noisy version of the BH dynamics, when the system is switching between different attractors. This result ...
... choose one or few points from their demand curves) add destabilizing noise, which can be amplified, when the fundamental equilibrium is unstable. As a result, the generated time series remind the noisy version of the BH dynamics, when the system is switching between different attractors. This result ...
International Capital Flows, Economic Growth and
... factors that determine composition of the external capital and its dynamics over time. Importantly, there is a need to comprise into analyses also corporate financing patterns evolved and observed in developing countries. In fact, although there is very little work on the latter issue in the developi ...
... factors that determine composition of the external capital and its dynamics over time. Importantly, there is a need to comprise into analyses also corporate financing patterns evolved and observed in developing countries. In fact, although there is very little work on the latter issue in the developi ...
Analysis of IDC EMEA Top 10 announcement (prelim)
... • Whole Foods and Wal-Mart works off volume and efficient asset turnover while leveraging their suppliers, but have small profit margins. • Microsoft, Apple and Merck have intellectual property that enables them to have higher profit margins, but they have relatively low asset turnover (MSFT has $76 ...
... • Whole Foods and Wal-Mart works off volume and efficient asset turnover while leveraging their suppliers, but have small profit margins. • Microsoft, Apple and Merck have intellectual property that enables them to have higher profit margins, but they have relatively low asset turnover (MSFT has $76 ...
Press Release - First Pacific
... We expect to see continuing improvement in performance by the Group companies in 2017 and a return to earnings growth at First Pacific this year. We accordingly regard the Company’s discount to net asset value as unjustified by prospects. We are currently reviewing our investment portfolio with an e ...
... We expect to see continuing improvement in performance by the Group companies in 2017 and a return to earnings growth at First Pacific this year. We accordingly regard the Company’s discount to net asset value as unjustified by prospects. We are currently reviewing our investment portfolio with an e ...
Does Pre-trade Transparency Affect the Market Quality in an Order
... where High is the highest price during each 30-min interval of the trading day and Low is the lowest price during each 30-min interval of the trading day. Wiggins (1992) show that this volatility is an extreme value estimator, and is used because it is more efficient than estimators based on closing ...
... where High is the highest price during each 30-min interval of the trading day and Low is the lowest price during each 30-min interval of the trading day. Wiggins (1992) show that this volatility is an extreme value estimator, and is used because it is more efficient than estimators based on closing ...
Links Between the Domestic and Eurobond
... productivity grew by 118% over the next seven years. In contrast to the situation at TK, Chrysler was able to persist with poor performance for more than two decades because its investors had no effective remedies. Chrysler could ignore the need to restructure its operations because of its continued ...
... productivity grew by 118% over the next seven years. In contrast to the situation at TK, Chrysler was able to persist with poor performance for more than two decades because its investors had no effective remedies. Chrysler could ignore the need to restructure its operations because of its continued ...
High_Pay_Centre_6.3.2014
... • Management incentives have changed behaviour as expected. • They have encouraged high profit margins and low investment. • Managements therefore prefer buy-backs to investment in plant. • In 2012 (latest data) PNFCs had net savings’ surpluses of 2% of GDP and spent 2.3% of GDP on buy-backs. ...
... • Management incentives have changed behaviour as expected. • They have encouraged high profit margins and low investment. • Managements therefore prefer buy-backs to investment in plant. • In 2012 (latest data) PNFCs had net savings’ surpluses of 2% of GDP and spent 2.3% of GDP on buy-backs. ...
Australian Debt Sale Market Overview
... Currently 10% of investment in the Australian debt sale market is contributed from second ...
... Currently 10% of investment in the Australian debt sale market is contributed from second ...
The Kelly criterion and its variants
... Simulations show that log bettors have much more final wealth most of the time than those using other strategies but can essentially go bankrupt a small percentage of the time, even facing very favorable investment choices. ...
... Simulations show that log bettors have much more final wealth most of the time than those using other strategies but can essentially go bankrupt a small percentage of the time, even facing very favorable investment choices. ...
Which nations are building the strongest foundations for
... countries analyzed have a built asset stock worth 2.9 times of GDP. • Some economies vary significantly from this average. The UK, for example, has a built asset stock worth only 1.8 times GDP. This indicates efficient use of productive capital, but also suggests potential gains could be made from ...
... countries analyzed have a built asset stock worth 2.9 times of GDP. • Some economies vary significantly from this average. The UK, for example, has a built asset stock worth only 1.8 times GDP. This indicates efficient use of productive capital, but also suggests potential gains could be made from ...
Opportunistic Deep-Value Investing: A Multi-Asset Class
... Deep-value investing aims to profit from the trading of assets at very low valuation levels. By investing at significantly below-average valuation levels, the investor seeks to capture the resulting capital appreciation that occurs when the investment recovers to a more normal valuation. This strate ...
... Deep-value investing aims to profit from the trading of assets at very low valuation levels. By investing at significantly below-average valuation levels, the investor seeks to capture the resulting capital appreciation that occurs when the investment recovers to a more normal valuation. This strate ...
Construction Rules for Morningstar® US Dividend
... Expected Dividend Yield is a measure of the dividends that a company is expected to pay each year. It is calculated by dividing the annual dividends per share by the current price per share where the annual dividends per share are equal to the product of the most recent dividend paid time the paymen ...
... Expected Dividend Yield is a measure of the dividends that a company is expected to pay each year. It is calculated by dividing the annual dividends per share by the current price per share where the annual dividends per share are equal to the product of the most recent dividend paid time the paymen ...
Which nations are building the strongest foundations for economic
... countries analyzed have a built asset stock worth 2.9 times of GDP. • Some economies vary significantly from this average. The UK, for example, has a built asset stock worth only 1.8 times GDP. This indicates efficient use of productive capital, but also suggests potential gains could be made from ...
... countries analyzed have a built asset stock worth 2.9 times of GDP. • Some economies vary significantly from this average. The UK, for example, has a built asset stock worth only 1.8 times GDP. This indicates efficient use of productive capital, but also suggests potential gains could be made from ...
Collateralized Debt Obligations – an overview
... 1. Ramp-up phase which lasts about a year, during which the portfolio manager initially invests the proceeds from sales of the CDO's securities – sometime there is a warehousing period during which it is the sponsor who finances the build-up before securitizing. 2. A reinvestment (a.k.a. revolver) p ...
... 1. Ramp-up phase which lasts about a year, during which the portfolio manager initially invests the proceeds from sales of the CDO's securities – sometime there is a warehousing period during which it is the sponsor who finances the build-up before securitizing. 2. A reinvestment (a.k.a. revolver) p ...
Foord Conservative Fund (Class B2)
... affected by changes in the market or economic conditions and legal, regulatory and tax requirements. Foord Unit Trusts does not provide any guarantee either with respect to the capital or the performance return of the investment. Unit trusts are traded at ruling prices and can engage in borrowing. F ...
... affected by changes in the market or economic conditions and legal, regulatory and tax requirements. Foord Unit Trusts does not provide any guarantee either with respect to the capital or the performance return of the investment. Unit trusts are traded at ruling prices and can engage in borrowing. F ...
forecast aden - Smart Money Tracker Premium
... strong signal that interest rates will likely move higher in December. The Fed’s been saying higher rates are coming all year, but this time the message was more precise and the markets believed it. This led to a short-term burst of enthusiasm. The 30 year yield surged to a four month high, further ...
... strong signal that interest rates will likely move higher in December. The Fed’s been saying higher rates are coming all year, but this time the message was more precise and the markets believed it. This led to a short-term burst of enthusiasm. The 30 year yield surged to a four month high, further ...
Data Appendix: Taxes, Regulations, and the Value of US
... other incomes and expenses are constant. The difference in aggregate tax divided by the difference in aggregate income is the marginal tax rate on the average dollar of dividend income. (See Feenberg and Coutts (1993) for further details.) Estimates from TAXSIM are not available for all years in the ...
... other incomes and expenses are constant. The difference in aggregate tax divided by the difference in aggregate income is the marginal tax rate on the average dollar of dividend income. (See Feenberg and Coutts (1993) for further details.) Estimates from TAXSIM are not available for all years in the ...
Exch Rate Systems
... market conditions, small Yield too low – issueQuestion 2: for dilution; premium does not sell comparables What price should DT Yield too high – too IPO:have, comparables and on: shares based much given away discounted cash flow Generally syndicate(a)Book value analysis holds price for a day; in a ...
... market conditions, small Yield too low – issueQuestion 2: for dilution; premium does not sell comparables What price should DT Yield too high – too IPO:have, comparables and on: shares based much given away discounted cash flow Generally syndicate(a)Book value analysis holds price for a day; in a ...
Free Enterprise: The Economics of Cooperation
... The biggest cost of doing something often has nothing to do with spending money. For example, the biggest cost of going to college is the income forgone, not the money spent on tuition and books. This explains why college enrollment typically increases when high unemployment makes it difficult for c ...
... The biggest cost of doing something often has nothing to do with spending money. For example, the biggest cost of going to college is the income forgone, not the money spent on tuition and books. This explains why college enrollment typically increases when high unemployment makes it difficult for c ...
Return on Capital Employed The ROCE Formula Calculating ROCE
... In the First Quarter 2010 installment of Fundamental Focus, we discussed two of the more popular measures investors use to gauge the relative profitability of a company— return on assets (ROA) and return on equity (ROE). Both represent management’s ability to generate profits; however, both give an in ...
... In the First Quarter 2010 installment of Fundamental Focus, we discussed two of the more popular measures investors use to gauge the relative profitability of a company— return on assets (ROA) and return on equity (ROE). Both represent management’s ability to generate profits; however, both give an in ...
What can company - Bank of England
... liabilities such as trade credit — and equity. Equity can come both from external investors, who in return acquire a stake in the business, and from a company’s internal funds. In Figure 1, retained earnings are a company’s accumulated internal funds after dividends have been paid to shareholders. T ...
... liabilities such as trade credit — and equity. Equity can come both from external investors, who in return acquire a stake in the business, and from a company’s internal funds. In Figure 1, retained earnings are a company’s accumulated internal funds after dividends have been paid to shareholders. T ...