SHARPE [12] AND LINTNER [7] have recently proposed models directed at the following questions: (a) What is the appropriate measure of the risk of a capital asset? (b) What is the equilibrium relationship between this measure of the asset's risk and its one-period expected return?^ Lintner contends that the measure of risk derived from his model is different and more general than that proposed b...

the aim of this study is to evaluate the effect of information delay on theperformance of joint investment funds. in order to achieve the aim of thisstudy sample consisted of twenty funds in the tehran stock exchange from2010 to 2014 the systematic elimination method has been adopted. in thisstudy, the linear regression test has been used in order to evaluate the researchhypothesis. data analys...

Alternative investments have proved their worth. Witness the estimated $1 trillion under management in alternative assets, or the recent decision by major pension funds such as Calpers or British Telecomto to allocate up to 5% of their portfolio to alternative assets. And yet, standard risk-adjusted performance indicators often prove unsuitable for hedge funds, which rely on highly specific tec...

UNLABELLED Admission to one of the state hospitals in West Virginia is gained through a legal proceeding which is initiated on a county level. It was hypothesized that involuntary psychiatric admission patterns from the Sharpe Hospital catchment area do not have a direct correlation with county population. METHODS Sharpe Hospital admissions data for a one year period were collected and demogr...

longer follow. The capital asset pricing model (CAPM) is an elegant theory. With the aid of some simplifying assumptions, it comes to dramatic conclusions about practical matters, such as how to choose an investment portfolio, how to forecast the expected return of a security or asset class, how to price a new security, or how to price risky assets in a merger or acquisition. The CAPM starts wi...