'Expected returns' presentation slideshows

Measurement noise and portfolios Application of statistical physics methods in portfolio selection

1.39k views • 128 slides

A philosophical basis for Valuation

A philosophical basis for Valuation. Many investors believe that the pursuit of 'true value ' based upon financial fundamentals is a fruitless one in markets where prices often seem to have little to do with value.

1.14k views • 87 slides

Ch 12 Capital market history

Ch 12 Capital market history. Returns The Historical Record Average Returns: The First Lesson The Variability of Returns: The Second Lesson More on Average Returns Capital Market Efficiency. Percentage Returns.

1.06k views • 85 slides

Managing Higher Moments in Hedge Fund Allocation

Boston College June 11, 2004. Managing Higher Moments in Hedge Fund Allocation. Campbell R. Harvey Duke University, Durham, NC USA National Bureau of Economic Research, Cambridge, MA USA http://www.duke.edu/~charvey. 1. Objectives. Framework The importance of higher moments

728 views • 60 slides

Dr. Marin Bozic Iowa State Dairy Association Annual Meeting Waverly, IA Jan 16, 2013

659 views • 50 slides

Chapter 11

Chapter 11. Risk and Return. Key Concepts and Skills. Know how to calculate expected returns Understand the impact of diversification Understand the systematic risk principle Understand the security market line Understand the risk-return trade-off. Chapter Outline.

554 views • 44 slides

Return, Risk, and the Security Market Line

13. Return, Risk, and the Security Market Line. Key Concepts and Skills. Know how to calculate expected returns Understand the impact of diversification Understand the systematic risk principle Understand the security market line Understand the risk-return trade-off

633 views • 44 slides

Return, Risk, and the Security Market Line

Chapter Thirteen. Return, Risk, and the Security Market Line. Key Concepts and Skills. Know how to calculate expected returns Understand the impact of diversification Understand the systematic risk principle Understand the security market line Understand the risk-return trade-off

538 views • 43 slides

Market Efficiency: Laying the groundwork

Market Efficiency: Laying the groundwork. Why market efficiency matters. The question of whether markets are efficient, and if not, where the inefficiencies lie, is central to investment valuation.

453 views • 35 slides

CHAPTER 6

CHAPTER 6. Risk Aversion and Capital Allocation to Risky Assets. Risk and Risk Aversion. Speculation Considerable risk Sufficient to affect the decision Commensurate gain Gamble Bet or wager on an uncertain outcome. Risk Aversion and Utility Values.

771 views • 33 slides

Quantitative Analysis

564 views • 31 slides

Foreign Exchange Markets

Foreign Exchange Markets. Market makers, Market participants. Foreign exchange risk. liquidity in terms of a different currency for international transactions lags involved (credit transactions) exposure from a position in a currency

486 views • 26 slides

WHAT HAPPENS WHEN CORRELATIONS GO TO 1?

SPS Holdings. WHAT HAPPENS WHEN CORRELATIONS GO TO 1?. Presentation by: D. Sykes Wilford. wsykes@laudisi.com. Modern Portfolio Theory and Correlations:. Are they Synonymous? MPT Expected Returns Volatility in the errors of those expected returns

388 views • 21 slides

Lecture 9: Interest rate and asset demand

339 views • 21 slides

Mr. Mayer AP Macroeconomics

Mr. Mayer AP Macroeconomics. Aggregate Demand. Aggregate Demand (AD). Shows the amount of Real GDP that the private, public and foreign sector collectively desire to purchase at each possible price level The relationship between the price level and the level of Real GDP is inverse

290 views • 13 slides

The Security Market Line (SML) aka The Capital Asset Pricing Model (CAPM)

The Security Market Line (SML) aka The Capital Asset Pricing Model (CAPM). The Capital Asset Price Model is E(R A ) = R f + [ E(R M ) - R f ] x A Expected Return on Stock A = Riskfree rate + ( Expected Return on the Market - Riskfree Rate ) * Beta of stock A.

759 views • 10 slides

Asset Allocation across risky and risk-free portfolios

Asset Allocation across risky and risk-free portfolios. Riccardo Colacito. Allocating Capital Between Risky & Risk-Free Assets. Possible to split investment funds between safe and risky assets Risk free asset: T-bills Risky asset: stock (or a portfolio). Example. r f = 7%. s f = 0%.

475 views • 10 slides

Today (1/18/2011)

180 views • 9 slides

THE CAPITAL ASSET PRICING MODEL (CAPM)

THE CAPITAL ASSET PRICING MODEL (CAPM).

227 views • 9 slides

Aggregate Demand and Supply

Aggregate Demand and Supply. AD. What is AD?. Determinants of AD. Change in Consumer Spending Consumer Wealth Consumer Expectatitons Household Borrowing Taxes Change in Investment Spending Interest Rates Expected Returns Expected future business conditions Technology

136 views • 0 slides