RISK AND RETURN; EXAMINING THEIR RELATIONSHIP IN INTERNATIONAL HOTEL STOCKSAs a student at the Ecole hoteliere de Lausanne, I uphold and defend academicintegrity, academic rigor and academic liberty as core values of higher learning. Iattest on my word of honor, that work submitted in my name ...
The report examines the relationship between return and the risk measures beta, volatility, Value at Risk, skewness and kurtosis with robust linear regression. The analysis includes the long as well as the short term relationsship for all non-delisted stocks listed on the Stockholm, Helsinki and ...
This paper tests the relationship between average return and risk for New York Stock Exchange common stocks. 1 theoretical background 理论背景 实证验证CAPMFama & Macbeth(1973)指出,在下列关于市场和投资者的假设成立时,资产收益率达到均衡条件,4假设包括: 1.资本市场是完美的(单个投资者是价格的接受者,...
The empirical results of the risk-return relationship are mixed for both mature and merging markets. In this paper, we develop a new volatility model to revisit the risk-return relation of the aggregate stock market index by extending the Realized GARCH model of Hansen et al. (2012) with the...
If a stock has a beta of -1%, it isinversely correlated—in other words, it has a contrary relationship—to the S&P 500. Beta gives investors additional insight when they do further analysis and ask, “Is there a reason why a particular stock is underperforming or outperforming?”Betacan ...
During the initialmarket reaction to the Coronavirus pandemic, both equity and fixed income assets suffered. However, bonds didn’t decline nearly as much as stocks did. This relationship has played out inpast recessionsas well, including 2008. ...
If a stock has a beta of -1%, it isinversely correlated—in other words, it has a contrary relationship—to the S&P 500. Beta gives investors additional insight when they do further analysis and ask, “Is there a reason why a particular stock is underperforming or outperforming?”Betacan ...
This paper tests the relationship between average return and risk for New York Stock Exchange common stocks. The theoretical basis of the tests is the "two-parameter" portfolio model and models of market equilibrium derived from the two-parameter portfolio model. We cannot reject the hypothesis of...
The risk-return tradeoff has been a longstanding topic in finance, with the widely embraced capital asset pricing models implying positive risk-return relationship of the stock market, that is, higher risk is associated with greater expected return. However, the current empirical evidence on the ris...
Risk Return Tradeoff is the relationship between the risk of investing in a financial market instrument vis-à-vis the expected or potential return from the same.