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| Â | Equity risk premiums |
 | | Equity risk premiums are a central component of every risk and return model in finance. | | | The most common approach to estimating equity risk premiums remains the use of historical returns, with the difference in annual returns on stocks and bonds over a long time period comprising the expected risk premium, in the future. | | | Second, they all argue that risk has to be measured from the perspective of the marginal investor in an asset, and that this marginal investor is well diversified. |
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http://www.broby.org/equity_risk_premiums.htm
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| Â | Barra Global Equity Risk Model |
| | Barra's Global Equity Risk Model extends these concepts to the international equity markets. | | | Barra's Global Equity Risk Model not only forecasts risk, but also provides a clear dimensionalized view of the sources of risk unique to multiple-country investing. | | | View Barra Global Equity Risk Model asset coverage |
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http://riskfactor.barra.com/products/global.aspx
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| Â | Equity Risk/Intro/Page 1 |
| | Trading strategies for equity derivatives are adapting to the integration of European markets, the long equity bull run and fears about the millennium bug. | | | With markets continually rising, the use of equity derivatives for hedging purposes is considered by many an unnecessary cost. | | | One relatively new structure, for example, is an option on the value of a fund – say, a hedge fund or emerging market fund – which can give the investor exposure to potentially high yielding, but also volatile and risky markets, while minimising the downside risk. |
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http://www.financewise.com/public/edit/riskm/equity/equity-intro.htm
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| Â | EQUITY |
| | Risk would suggest, also, the book, "Equity Derivatives; Applications in Risk Management and Investment," London, Risk Publications, 1997. | | | Exchange-listed and -traded equity and index options with customized contract terms, such as strike prices, expiration dates, and exercise styles (e.g., beyond American and European). | | | The price of an executive stock option depends on the same basic factors as all other derivative products: (a) the relevant contract and (b) the dynamics of the underlying risk factor(s). |
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http://www.margrabe.com/Equity.html
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| Â | The Scotsman - Business - How market risks can make losers of us all |
| | And equities as an investment class are the polar opposite of bonds. | | | More to the point, why, after one mis-selling scandal after another, is the financial-services industry still promoting an investment product offering exposure to equities with the words "guaranteed" and "bond" in the title? | | | Hence the rise of the cult of the equity, which has, until recently, made shares the dominant asset class of choice for pension funds. |
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http://thescotsman.scotsman.com/business.cfm?id=1209762004
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| Â | Risk magazine |
| | Subscribe to Risk today to ensure you do not miss Risk's first ever rankings of the leading technology companies working in risk management (areas include market risk, operational risk, credit risk, analytics and trading risk). | | | Risk magazine subscribers are entitled to access all RiskNews stories at www.RiskNews.net with the same username and password. | | | Stefan Flachsmann and Dan McKinney of Ernst & Young’s Global Financial Services Risk Management Practice present the results of a global survey of financial services managers on progress in implementing Basel II, with a focus on operational risk management (ORM). |
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http://www.risk.net/
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| Â | Equity |
| | At-risk students are often over-tested and ought to benefit especially from these revolutionary approaches to assessment. | | | From this perspective, one does not simply define or describe at-risk students, but more appropriately, one regards as at risk the combined characteristics of educational environments taken as a whole in which a significant proportion of students are consistently unsuccessful. | | | It is not simply a matter of theoretical equity of access, but practical opportunities to participate in all that the school has to offer, including the provision of support to do so when necessary. |
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http://www.ncrel.org/sdrs/areas/rpl_esys/equity.htm
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| Â | The Equity Risk Premium - Part One |
| | Also, the capital asset pricing relates a stock's expected return to the equity premium: a stock that is “riskier” than the market--as measured by its beta --should offer excess return above the equity premium. | | | Let's say the risk-free rate is 3% and the expected equity premium is 4%; we therefore expect equity returns of 7%. | | | Say we earn the risk-free rate entirely in bond coupons taxed at ordinary income tax rates of 35%, whereas equities may be deferred entirely into a capital gains rate of 15% (i.e., no dividends). |
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http://www.investopedia.com/articles/04/012104.asp
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| Â | Equity Agreement & Risk Agreement |
| | I am aware of the total dollar amount which I have deposited at Penson Financial Services, Inc. for the purposes of equity transactions with Sunstate Equity Trading, Inc. | | | My account equity base will be approximately ________________________. | | | I acknowledge that, I alone, am responsible for making the decision to buy and sell individual securities, and hereby release and forever acquit Sunstate Equity Trading Inc. its agents, officers and employees from any and all claims and losses, known or unknown, that my arises from trading my account. |
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http://www.stocktradr.com/EquityAgreementAndRiskAgreement.html
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| Â | Vantage Consulting Group - Expert Consulting Services |
| | "Equity Mispricing: It’s Mostly on the Short Side," Financial Analysts Journal, November/December, 1999. | | | "Risks and Rewards from High-Yield Stock Investments," Journal of Financial Planning, vol. | | | "Personal Taxes and Equity Security Pricing," Financial Management, vol. |
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http://www.vantageconsultinggroup.com/about/staff.php
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| Â | WebIMC - Private Equity Risk Measurement |
| | WebIMC (WebInvestment Management Consulting), headquartered in Palo Alto, is one of the leading venture capital risk measurement firms in the United States analyzing private equity returns of pension funds with over $12 billion of capital under management and $1.8 billion dedicated to Private Equity Investments. | | | We focus on developing, leading, and managing valuation analysis and selection of long-term, illiquid, risky strategic investments for medium and large public companies and are applying this methodology to Private Equity investment returns. | | | The strategic insights prepared with our teams knowledge in various markets have shaped the investment focus, portfolio risk, and corporate risk tolerance for the executive management teams of companies. |
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http://www.webimc.com
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| Â | NOS Qepta Equity Risk |
| | Qepta Equity Risk adds a new dimension to the risk proffesionals who are exposed to credit risk converted into market risk. | | | Qepta Equity Risk is an internet based service open for subscribers. | | | Qepta Equity Risk is a part of the Qepta Family of IT systems designed to support clearing and risk management operations in financial and commodity markets. |
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http://prod.nos.no/qer/main.html
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| Â | Campbell R. Harvey's Curriculum Vitae |
| | Expectations of equity risk premia, volatility and asymmetry from a corporate finance perspective | | | "Equity Market Liberalization in Emerging Markets," with Geert Bekaert and Christian Lundblad, (P85b) | | | "Equity Market Liberalization in Emerging Markets," with Geert Bekaert and Christian Lundblad, (P85a) |
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http://www.duke.edu/~charvey/vitae.htm
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| Â | Cutting Equity Risk Through Bonds |
| | Stung by the bear market, this woman is now totally in cash. | | | My prescription for this woman is pretty simple: Add bond funds to temper her equity funds. | | | With half her money in the Vanguard bond fund and the other half in the five equity funds, her loss in the second and third quarters would have been 9.8 percent, not the 19 percent loss she actually experienced. |
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http://www.fundadvice.com/QA/cbs/cbs102902b.html
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| Â | NOS Qepta Equity risk |
| | Qepta Equity Risk will improve risk management and market risk measurement for Securities Finance operations, collateral handling and portfolio management. | | | NOS now offers these risk models to subscribers to the new Qepta Equity Risk service. | | | NOS is a recognized clearinghouse, and faces significant market risk as a counterpart in derivatives markets. |
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http://prod.nos.no/qer/news.html
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| Â | Equity Risk Premium |
| | Read this tutorial and these and other financial concepts will be made clear. | | | A higher rate of return is required to entice investors into a riskier investment. | | | S&P Composite Price Index and its Risk Premium - An excellent article by Ruben Cohen on risk premium in a world that is not yet perfect, but is approaching it. |
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http://www.investopedia.com/terms/e/equityriskpremium.asp
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| Â | ACK Community School |
| | As such, EVA is an estimate of true "economic" profit, or the amount by which earnings exceed or fall short of the required minimum rate of return that shareholders and lenders could get by investing in other securities of comparable risk. | | | (Cost of Capital = Investors' Expected Returns on a company's equity securities = (Market Risk + an Equity Risk Premium). | | | The resulting number, called a "hurdle rate", varies per company and management must make its best calculation of the returns investors expect on investing in their securities. |
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http://www.kipnotes.com/ACK-Online%20Investing.htm
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|  | EconPapers: The Equity Risk Premium and the Required Share Returns in a Tobin’s q Model |
| | Evidence for the US over the period from 1889 to 2002 suggests that real required share returns and the equity risk premium climbed to extraordinarily high levels from the late 1930, to the end of the 1940s, and have since declined. | | | The Equity Risk Premium and the Required Share Returns in a Tobin’s q Model | | | EconPapers: The Equity Risk Premium and the Required Share Returns in a Tobin’s q Model |
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http://econpapers.hhs.se/paper/kudepruwp/03-10.htm
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| Â | CEPR Discussion Paper Abstracts |
| | Standard asset pricing models have difficulty explaining cross-sectional differences in observed equity risk premia of developed and emerging markets. | | | Further, we argue that the measured selectivity bias in equity premia provide valuable economic information regarding the incentives for sovereigns not to expropriate international investors. | | | We find that after taking account of the sample selectivity bias, our model of systematic risk can account for the differences in risk premia quite well. |
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http://www.cepr.org/pubs/dps/DP3034.asp
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| Â | Estimating the Equity Risk Premium and Equity Costs: New Ways of Looking at Old Data |
| | This paper looks at three alternative ways of estimating the expected return on the equity market for use either in the CAPM, or other premium model, for estimating equity costs. | | | Estimating the Equity Risk Premium and Equity Costs: New Ways of Looking at Old Data | | | G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing |
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http://www.ideas.uqam.ca/ideas/data/Papers/fthrotfin98-001.html
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| Â | PortfolioScience - Portfolio Risk Analysis |
| | Set up a risk management infrastructure for your fund in record time and minimum cost. | | | PortfolioScience institutional risk management products make accessing powerful analysis tools and calculation resources fast, effective, and more affordable. | | | Benchmark your risk to hundreds of indexes, commodities, or ETF's. |
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http://www.portfolioscience.com
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| Â | Encyclopedia references: Le-Lz |
| | Lee, W. “The Effect of Exchange Offers and Stock Swaps on Equity Risk and Shareholders’ Wealth: A Signalling Model Approach,” Ph.D. dissertation, UCLA. | | | “The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets,” Review of Economics and Statistics, 47, 13-37. | | | “The Time-Series Relations Among Expected Return, Risk and Book-to-market,” Journal of Financial Economics, 54, 5-43. |
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http://www.encycogov.com/B14References/ReferencesLe_Lz.asp
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| Â | Ideas & Screening Reuters.com |
| | To that, we add an extra premium to compensate for taking on equity risk (I use the four to five percent historically observed range) multiplied by beta to adjust for individual stock risk. | | | I do this through the "capital asset pricing model" which starts with the annual required return as the risk-free (i.e. | | | Returns on equity are below due to the fact that the industry is more leveraged. |
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http://www.investor.reuters.com/GoTo.aspx?docid=6789&.t=companyoftheday
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| Â | ITG - Equity Risk Models |
| | Simplicity and transparency. Our models rely on fewer factors than do most competitors’ to decompose and forecast risk. Yet, our models explain more in-sample return variation and have better out-of-sample forecast performance. We’re happy to share our historical and current t-statistics, R-squared values and risk ratios (realized risk relative to predicted values) to prove it. | | | ITG PRIME, our web-based risk reporting and analysis platform. | | | Welcome to the ITG Equity Risk Model homepage. Here you will find information about ITG’s suite of risk models that spans the globe and can be used in applications ranging from risk-controlled trading to hedge fund portfolio optimization to risk analysis in traditional long-only fund management. Our models offer many unique features and benefits, including: |
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http://www.itginc.com/research/riskmodels.html
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| Â | Encyclopedia4U - Extreme value theory - Encyclopedia Article |
| | Extreme value theory an empirical analysis of equity risk | | | Extreme value theory is important for assessing risk for highly unusual events, such as 100-year floods. | | | Extreme value theory is a branch of statistics dealing with the extreme deviations from the mean of probability distributions. |
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http://www.encyclopedia4u.com/e/extreme-value-theory.html
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| Â | Barra Research |
| | Our areas of investigation include risk management, returns forecasting, transaction analytics, and asset allocation, and our scope includes all major markets and traded instruments worldwide. | | | Our research database begins in 1975, providing us with a longer view than anyone else in the industry. | | | View our library of published research papers and archived newsletter articles written by Barra researchers. |
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http://www.barra.com/research/
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