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Anglický jazyk
Beta (Finance)
Autor: Frederic P. Miller
In finance, the beta of a stock or portfolio is a number describing the relation of its returns with that of the financial market as a whole.An asset with a beta of 0 means that its price is not at all correlated with the market; that asset is independent.... Viac o knihe
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O knihe
In finance, the beta of a stock or portfolio is a number describing the relation of its returns with that of the financial market as a whole.An asset with a beta of 0 means that its price is not at all correlated with the market; that asset is independent. A positive beta means that the asset generally follows the market. A negative beta shows that the asset inversely follows the market; the asset generally decreases in value if the market goes up and vice versa.Correlations are evident between companies within the same industry, or even within the same asset class, as was demonstrated in the Wall Street crash of 1929. This correlated risk, measured by Beta, creates almost all of the risk in a diversified portfolio.The beta coefficient is a key parameter in the capital asset pricing model. It measures the part of the asset's statistical variance that cannot be mitigated by the diversification provided by the portfolio of many risky assets, because it is correlated with the return of the other assets that are in the portfolio. Beta can be estimated for individual companies using regression analysis against a stock market index.
- Vydavateľstvo: OmniScriptum
- Rok vydania: 2026
- Formát: Paperback
- Rozmer: 220 x 150 mm
- Jazyk: Anglický jazyk
- ISBN: 9786130640750
