r ? ? ?i 5 The single index model ? The SIM is a statistical rather than a theoretical model (we are soon to learn the CAPM and APT – which are theoretical models). ? In practice, unadjusted returns can also be used, rather than excess returns: Ri ? ?i ? ?iRm ? ?i ? This ...
COMPARATIVE ANALYSIS OF INVESTMENT RETURN CALCULATIONS BETWEEN SINGLE INDEX MODEL (SIM), CAPITAL ASSET PRICING MODEL (CAPM), AND ARBITRAGE PRICING THEORY (APT) IN 8 MINING COMPANY SECTORSNoviani, DindaNatigor S., Dayan HakimSudaryo, YoyoSofiati, Nunung Ayu...