High Quality Content by WIKIPEDIA articles! Financial correlations measure the co-movement of two or more financial variables in time. For example, stocks and bonds often move in opposite directions, since when investors sell stocks, they often take the proceeds to buy bonds and vice versa. In this case, stocks and bonds are negatively correlated. Financial Correlations play a key role in modern finance. The Nobel Prize rewarded capital asset pricing model, CAPM, derives that an increase in diversification increases the return/risk ratio. Diversification is synonymous with inverse correlation. The lower, preferable negative the correlation, the higher the diversification. Correlations are also critical in risk measurement and management. The lower the correlation of the assets in the portfolio, the lower the risk, derived by any risk measure as Value at risk VAR, Expected shortfall ES, or Enterprise Risk Management ERM. Данное издание представляет собой компиляцию сведений,...

В наличии:
	Books.Ru - 1128 руб.	Перейти
Под заказ:
	OZON.ru - 1125 руб.	Перейти

Рейтинг книги: 5 из 5, 4 голос(-ов).