Download or read book Back to the Future written by Sidney Goldstein and published by . This book was released on 1999 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Back to the Future DeLorean Time Machine written by Bob Gale and published by Insight Editions. This book was released on 2021-03-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the secrets of Doc Brown’s time-traveling DeLorean with the first-ever under-the-hood user’s manual featuring never-before-seen schematics and cutaways of cinema’s most iconic car. One of the best-loved movie sagas of all time, the Back to the Future trilogy has left an indelible impact on popular culture. Back to the Future: DeLorean Time Machine: Owner’s Workshop Manual delves into the secrets of the unique vehicle that transports Marty McFly and Doc Brown through time, including both the original version of the car and the updated flying model. From the DeLorean’s unmistakable gull-wing doors to Doc’s cutting-edge modifications, including the Flux Capacitor and Mr. Fusion, this manual offers unprecedented insight into the car’s inner workings. Filled with exclusive illustrations and never-before-disclosed information, Back to the Future: DeLorean Time Machine: Owner’s Workshop Manual is the perfect gift for the trilogy’s legion of fans.
Download or read book Beta Reversal and Expected Returns written by Yexiao Xu and published by . This book was released on 2014 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we show that the failure of the CAPM beta to predict individual stocks' expected returns documented by Fama and French (1992) is largely driven by a small group of stocks with large betas and high idiosyncratic volatilities. These stocks' betas tend to reverse. Therefore, even when the CAPM holds period-by-period, the cross-sectional evidence on market beta is weak at best due to the confounding effect of beta reversal and instability. We further show that such a beta reversal is partly predictable by idiosyncratic volatility. As a result, the current beta estimates of individual stocks can significantly explain the cross-sectional differences in future returns whit a simple control for such a reversal effect. In fact, the market risk premium estimated from cross-sectional regression is close to that of the historical average. All results are robust with respect to different measures of beta and idiosyncratic volatility as well as different subsamples. In addition, we explore several possible causes for the beta reversal phenomenon.
Download or read book Beta and Duration as Measurements of Future Risk and Returns written by Christoph Schubert and published by GRIN Verlag. This book was released on 2015-06-10 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2014 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, Dublin Business School, language: English, abstract: Since the financial crisis of 2007/2008 risk management become a boost in financial institutions. The crisis has shown that the risk management of most institutions are inefficient, their models inadequate and that regulation failed their aim to avoid such a major crisis (Bessis, 2010). To identify, measure, control and price risk and to estimate the effect on a port-folio is a hard task because it is a look towards the future. But it is essential be-cause it has an impact on the profitability, the solvency and so on to the future survival (Sironi and Resti, 2007, p. xxii). This paper describes two models of measuring risk, the theoretical foundation of Beta and the concept of Duration. Furthermore a quantified demonstration of these models is provided to show the practical implementation. However, every model has limitations which are critical shown in the last chapter and in the last chapter a general conclusion is stated.
Download or read book Back to the Future Betas written by Jordan French and published by . This book was released on 2017 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study adds an empirical outlook on the predicting power of using data from the future to predict future returns. The crux of the traditional Capital Asset Pricing Model (CAPM) methodology is using historical data in the calculation of the beta coefficient. This study instead uses a battery of Generalized Auto Regressive Conditional Heteroskedasticity (GARCH) models, of differing lag and parameter terms, to forecast the variance of the market used in the denominator of the beta formula. The covariance of the portfolio and market returns are assumed to remain constant in the time-varying beta calculations. The data spans from 3 January 2005 to 29 December 2014. One ten-year, two five-year, and three three-year sample periods were used, for robustness, with ten different portfolios. Out of sample forecasts, mean absolute error (MAE) and mean squared forecast error (MSE) were used to compare the forecasting ability of the ex-ante GARCH models, Artificial Neural Network, and the standard market ex-post model. Find that the time-varying MGARCH and SGARCH beta performed better with out-of-sample testing than the other ex-ante models. Although the simplest approach, constant ex-post beta, performed as well or better within this empirical study.
Download or read book Is Beta Still Useful Over a Longer Horizon written by Wenyun Shi and published by . This book was released on 2017 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the crucial role of the market factor in Fama and French's three-factor model, the market beta has failed to explain the cross-sectional differences in expected returns proxied by the future realized returns of individual stocks. However, current evidence does not necessarily reject the explanatory power of the market beta in expected returns over longer-horizons. We use the future implied costs of capital as the proxy instead of future realized returns in order to link beta to longer-horizon expected returns. In contrast to the current results we find that the future implied cost of capital is both positively and significantly related to the conventional beta estimate, implying that beta could still explain future cross-sectional expected return differences. Moreover, uncertainty risk could be important when focusing on longer-horizons. We propose using analyst dispersion as a proxy for the uncertainty risk, and find that it strongly predicts future implied cost of capital as well. Furthermore, some prior studies have shown that the failure of beta in explaining cross-sectional return differences over a shorter-horizon is due to the lack of forward-looking information. Since changes in the implied cost of capital contain such unique information, we propose a simple adjustment to the conventional beta measure. The explanatory power of the adjusted beta for future return differences is accordingly proved to be strong.
Download or read book Back to the Future a New Era for Beta Blockade in Management of Heart Failure written by and published by . This book was released on 1999 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Alternative Beta Strategies and Hedge Fund Replication written by Lars Jaeger and published by John Wiley & Sons. This book was released on 2008-10-13 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: There s a buzzword that has quickly captured the imagination of product providers and investors alike: "hedge fund replication". In the broadest sense, replicating hedge fund strategies means replicating their return sources and corresponding risk exposures. However, there still lacks a coherent picture on what hedge fund replication means in practice, what its premises are, how to distinguish di erent approaches, and where this can lead us to. Serving as a handbook for replicating the returns of hedge funds at considerably lower cost, Alternative Beta Strategies and Hedge Fund Replication provides a unique focus on replication, explaining along the way the return sources of hedge funds, and their systematic risks, that make replication possible. It explains the background to the new discussion on hedge fund replication and how to derive the returns of many hedge fund strategies at much lower cost, it differentiates the various underlying approaches and explains how hedge fund replication can improve your own investment process into hedge funds. Written by the well known Hedge Fund expert and author Lars Jaeger, the book is divided into three sections: Hedge Fund Background, Return Sources, and Replication Techniques. Section one provides a short course in what hedge funds actually are and how they operate, arming the reader with the background knowledge required for the rest of the book. Section two illuminates the sources from which hedge funds derive their returns and shows that the majority of hedge fund returns derive from systematic risk exposure rather than manager "Alpha". Section three presents various approaches to replicating hedge fund returns by presenting the first and second generation of hedge fund replication products, points out the pitfalls and strengths of the various approaches and illustrates the mathematical concepts that underlie them. With hedge fund replication going mainstream, this book provides clear guidance on the topic to maximise returns.
Download or read book Equity Smart Beta and Factor Investing for Practitioners written by Khalid Ghayur and published by John Wiley & Sons. This book was released on 2019-05-29 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the popular and fast growing investment opportunities of smart beta Equity Smart Beta and Factor Investing for Practitioners offers a hands-on guide to the popular investment opportunities of smart beta, which is one of the fastest growing areas within the global equity asset class. This well-balanced book is written in accessible and understandable terms and contains an in-depth manual filled with analytical information and new ideas. The authors—noted experts in the field—include a definition of smart beta investing and detail its history. They also explore the distinguishing characteristics of smart beta strategies, offer an overview of factor investing, and reveal the implementation of smart beta approaches. Comprehensive in scope, the book contains helpful examples of applications, real-life illustrative case studies, and contributions from leading and respected practitioners that explain how they approach smart beta investing. This important book: Contains an in-depth exploration of smart beta investing Includes the information written in clear and accessible language Presents helpful case studies, illustrative examples, and contributions from leading and respected experts Offers a must have resource coauthored by the Head of Goldman Sachs’ equity smart beta business Written for investors who want to tap into the opportunities that smart beta offers, Equity Smart Beta and Factor Investing for Practitioners is the comprehensive resource for learning how to create more efficient overall equity portfolios.
Download or read book A History of the Theory of Investments written by Mark Rubinstein and published by John Wiley & Sons. This book was released on 2011-09-02 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This exceptional book provides valuable insights into the evolution of financial economics from the perspective of a major player." -- Robert Litzenberger, Hopkinson Professor Emeritus of Investment Banking, Univ. of Pennsylvania; and retired partner, Goldman Sachs A History of the Theory of Investments is about ideas -- where they come from, how they evolve, and why they are instrumental in preparing the future for new ideas. Author Mark Rubinstein writes history by rewriting history. In unearthing long-forgotten books and journals, he corrects past oversights to assign credit where credit is due and assembles a remarkable history that is unquestionable in its accuracy and unprecedented in its power. Exploring key turning points in the development of investment theory, through the critical prism of award-winning investment theory and asset pricing expert Mark Rubinstein, this groundbreaking resource follows the chronological development of investment theory over centuries, exploring the inner workings of great theoretical breakthroughs while pointing out contributions made by often unsung contributors to some of investment's most influential ideas and models.
Download or read book Sustainable Finance in the Green Economy written by Agnieszka Bem and published by Springer Nature. This book was released on 2022-02-07 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores issues related to green and sustainable finance which aims at the transformation of economies into a new, more sustainable model. It covers a variety of issues related to various financial areas, such as: corporate finance, public finance, monetary and fiscal policy, and risk management. The enclosed papers reflect the extent, diversity, and richness of research areas in the finance and sustainability fields, both fundamental and applied, and are beneficial to researchers, practitioners, scholars and policy makers in economics, finance, and international economics.
Download or read book Equity Valuation written by Jan Viebig and published by John Wiley & Sons. This book was released on 2008-04-30 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Equity Valuation: Models from the Leading Investment Banks is a clear and reader-friendly guide to how today’s leading investment banks analyze firms. Editors Jan Viebig and Thorsten Poddig bring together expertise from UBS, Morgan Stanley, DWS Investment GmbH and Credit Suisse, providing a unique analysis of leading equity valuation models, from the very individuals who use them. Filled with real world insights, practical examples and theoretical approaches, the book will examine the strengths and weaknesses of some of the leading valuation approaches, helping readers understand how analysts: · estimate cash flows · calculate discount rates · adjust for accounting distortions · take uncertainty into consideration Written for investment professionals, corporate managers and anyone interested in developing their understanding of this key area, Equity Valuation: Models from the Leading Investment Banks will arm readers with the latest thinking and depth of knowledge necessary to make the right decisions in their valuation methodologies.
Download or read book Beta life written by Martyn Amos and published by Science-Into-Fiction. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an anthology of specially-commissioned stories imagining life in 2070. The stories explore the future of robotics, and the possibilities promised by the next generation of computers.
Download or read book Valuation written by McKinsey & Company Inc. and published by John Wiley & Sons. This book was released on 2015-07-31 with total page 848 pages. Available in PDF, EPUB and Kindle. Book excerpt: McKinsey & Company's #1 best-selling guide to corporate valuation, now in its sixth edition Valuation is the single best guide of its kind, helping financial professionals worldwide excel at measuring, managing, and maximizing shareholder and company value. This new sixth edition provides insights on the strategic advantages of value-based management, complete detailed instruction, and nuances managers should know about valuation and valuation techniques as applied to different industries, emerging markets, and other special situations. Valuation lies at the crossroads of corporate strategy and finance. In today's economy, it has become an essential role — and one that requires excellence at all points. This guide shows you everything you need to know, and gives you the understanding you need to be effective. Estimate the value of business strategies to drive better decision making Understand which business units a corporate parent is best positioned to own Assess major transactions, including acquisitions, divestitures, and restructurings Design a capital structure that supports strategy and minimizes risk As the valuation function becomes ever more central to long- and short-term strategy, analysts and managers need an authoritative reference to turn to for answers to challenging situations. Valuation stands ahead of the field for its reputation, quality, and prestige, putting the solutions you need right at your fingertips.
Download or read book FSpace Roleplaying Pritchard BETA Files written by Stephen Pritchard and published by FSpace Publications. This book was released on 2009-12-08 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is a compilation of early development versions of work produced by Stephen Pritchard. This includes the following materials: 3 drafts of the Personality module 5 drafts of the Technology Update 4 drafts of the Turram Encounter version 0.91 of Martial Arts This publications shows you the original intent of the author before the material was mainstreamed for the universe or game mechanics by the publisher.It is also a helpful look into the evolution of product development by a team of indie game developers.
Download or read book EBOOK Essentials of Investments Global Edition written by Zvi Bodie and published by McGraw Hill. This book was released on 2013-01-16 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introducing... Essentials of Investments, 9th Global Edition, by Zvi Bodie, Alex Kane and Alan J. Marcus. We are pleased to present this Global Edition, which has been developed specifically to meet the needs of international Investment students. A market leader in the field, this text emphasizes asset allocation while presenting the practical applications of investment theory without unnecessary mathematical detail. The ninth edition includes new coverage on the roots and fallout from the recent financial crisis and provides increased content on the changes in market structure and trading technology. Enhancements to this new Global Edition include: - New ‘On the market front’ boxes highlight important investment concepts in real world situations across the globe, to promote student thinking without taking a full case study approach. Topics include short-selling in Europe & Asia, credit default swaps and the debt crisis in Greece and include examples from Commerzbank, JP Morgan, Facebook, Coca-Cola, Santander, The European Energy Exchange, plus many more! - Revised worked examples illustrate problems using both real and fictional scenarios from across the world to help students develop their problem solving skills. Regional examples include Hutchinson Whampoa (Asia), The Emirates Group (The Middle East) and KLM Royal Dutch Airlines (The Netherlands). - Revised end-of chapter material includes brand new global questions and global internet exercises that feature currencies, companies and scenarios from Europe, Middle East, Africa and Asia to increase engagement for international students. - Global Edition of Connect Plus Finance, McGraw-Hill’s web-based assignment and assessment platform with eBook access, helps students learn faster, study more efficiently, and retain more knowledge. This Global Edition has been adapted to meet the needs of courses outside of the United States and does not align with the instructor and student resources available with the US edition.
Download or read book Sixty Years of Double Beta Decay written by H. V. Klapdor-Kleingrothaus and published by World Scientific. This book was released on 2001 with total page 1324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nuclear double beta decay is one of the most promising tools for probing beyond-the-standard-model physics on beyond-accelerator energy scales. It is already now probing the TeV scale, on which new physics should manifest itself according to theoretical expectations. Only in the early 1980s was it known that double beta decay yields information on the Majorana mass of the exchanged neutrino. At present, the sharpest bound for the electron neutrino mass arises from this process. It is only in the last 10 years that the much more far-reaching potential of double beta decay has been discovered. Today, the potential of double beta decay includes a broad range of topics that are equally relevant to particle physics and astrophysics, such as masses of heavy neutrinos, of sneutrinos, as SUSY models, compositeness, leptoquarks, left-right symmetric models, and tests of Lorentz symmetry and equivalence principle in the neutrino sector. Double beta decay has become indispensable nowadays for solving the problem of the neutrino mass spectrum and the structure of the neutrino mass matrix OCo together with present and future solar and atmospheric neutrino oscillation experiments. Some future double beta experiments (like GENIUS) will be capable to be simultaneously neutrino observatories for double beta decay and low-energy solar neutrinos, and observatories for cold dark matter of ultimate sensitivity. This invaluable book outlines the development of double beta research from its beginnings until its most recent achievements, and also presents the outlook for its highly exciting future. Contents: Double Beta Decay OCo Historical Retrospective and Perspectives; Original Articles: From the Early Days until the Gauge Theory Era; The Nuclear Physics Side OCo Nuclear Matrix Elements; The Nuclear Physics Side OCo Nuclear Matrix Elements; Effective Neutrino Masses from Double Beta Decay, Neutrino Mass Models and Cosmological Parameters OCo Present Status and Prospects; Other Beyond Standard Model Physics: From SUSY and Leptoquarks to Compositeness and Quantum Foam; The Experimental Race: From the Late Eighties to the Future; The Future of Double Beta Decay; Appendices: Ten Years of HeidelbergOCoMoscow Experiment; The Potential Future OCo GENIUS. Readership: Particle physicists, nuclear physicists and astrophysicists."
