Beta is one measure with many faces
Автор: Bionic Turtle
Загружено: 2008-09-26
Просмотров: 19563
Описание: Beta is covariance (x,y)/variance(y). It has many applications. Including, for example, the minimum hedge ratio for a future hedge on a commodity, the capital asset pricing model (CAPM), cash flow beta, and marginal value at risk (marginal VaR).
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