picture loading error handler

VC Risk and Return III Module 6

58 thought(s)58
thoughts
Star icon blackStar icon blackStar icon blackStar icon greyStar icon grey 42 %
Robertas Kurakovas
Get
Risk Management

Outline

Email:learningkurakov@gmail com3292 1jzcb8v.rab7vf5hfr

1. Risk as an Input Parameter in Valution

Email:learningkurakov@gmail com3292 2s4x2b.n2prvpwrk9

Valuation and Risk

Email:learningkurakov@gmail com3292 14zxjgw.5zir16pqfr

Risk and Return

Email:learningkurakov@gmail com3292 1w15xw9.bp90jxlxr

Historical Risk and Return

Email:learningkurakov@gmail com3292 113j5co.nyaqugnwmi

Historical Annual Rates Across Asset Classes

Email:learningkurakov@gmail com3292 vf87qj.nlo8e3766r

Empirical Observations

Email:learningkurakov@gmail com3292 1eovfgo.eyzfuk57b9

The Historical Tradeoff between Risk and..

Email:learningkurakov@gmail com3292 1n6664a.w8hfiggb9
Email:learningkurakov@gmail com3292 1wuruz3.ay49ozuxr

Diversification in Stock Portfolios

Email:learningkurakov@gmail com3292 14rwiv3.5wpu4vlsor
Email:learningkurakov@gmail com3292 1k3m11r.72idmibe29

Banana Bird Risk

Email:learningkurakov@gmail com3292 ab0boy.lgpyb3ayvi

Utility with Bird Risk

Email:learningkurakov@gmail com3292 vhrzt8.3wcjjug14i

Solution: Diversification

Email:learningkurakov@gmail com3292 1uhgs5h.hnaq8e61or

Utility with Weather Risk

Email:learningkurakov@gmail com3292 13o680b.0mw1giudi

Diversifiable and Non-diversifiable Risk

Email:learningkurakov@gmail com3292 1wpvshl.gki4q5b3xr

The Power of Diversification

Email:learningkurakov@gmail com3292 1y1pttp.c67yyl23xr

Choosing and Efficient Portfolio

Email:learningkurakov@gmail com3292 35q2nd.athjq3erk9
Email:learningkurakov@gmail com3292 ec3yvk.qfsdnm6lxr

Portfolio Return and Volatility

Email:learningkurakov@gmail com3292 38t1pl.luv3s4te29

Choosing an Efficient Portfolio of Two Stocks

Email:learningkurakov@gmail com3292 18k8la7.cwmydgqfr

2. The Capital Asset Pricing Model ( CAPM )

Email:learningkurakov@gmail com3292 1zjkok.7z4i3k57b9

The Equity Cost of Capital

Email:learningkurakov@gmail com3292 9d61y4.l0qmy4x6r

CAPM Assumptions

Email:learningkurakov@gmail com3292 12a9zf2.ra7fpw4s4i

One Factor Model

Email:learningkurakov@gmail com3292 106qit1.1lyebchaor

General Formulas

Email:learningkurakov@gmail com3292 1mlwce6.n92qs0dx6r
Email:learningkurakov@gmail com3292 zm3ppf.8qslqsemi

Beta

Email:learningkurakov@gmail com3292 aem77c.givucy2e29

Estimate Beta

Email:learningkurakov@gmail com3292 svwwvs.62kh3680k9

The Market Portfolio/ Index

Email:learningkurakov@gmail com3292 1vqvvva.930it138fr

The Market Risk Premium

Email:learningkurakov@gmail com3292 19dprqe.sn5yhf47vi

Historical Market Risk Premium

Email:learningkurakov@gmail com3292 5xd7d2.mgfkwqaor

Beta

Email:learningkurakov@gmail com3292 1ny28dm.5bhv45nrk9
Email:learningkurakov@gmail com3292 rpjnv1.0pfario1or

Estimation of Beta

Email:learningkurakov@gmail com3292 1jpz4z9.hoqcbu766r
Email:learningkurakov@gmail com3292 c7gzvm.9q7rx561or

Summary

Email:learningkurakov@gmail com3292 pxgm1w.338s7i7ldi

Example

Email:learningkurakov@gmail com3292 14n65ll.tpbq9i19k9
Email:learningkurakov@gmail com3292 lyjhp8.49dal15rk9

Is the Single-factor CAPM Model sufficient?

Email:learningkurakov@gmail com3292 1ikqip1.prmqcfecdi

3. Extensions of CAPM and VC

Email:learningkurakov@gmail com3292 10pv7qu.jnqoxbt9

Multifactor Models of Risk

Email:learningkurakov@gmail com3292 7vtaty.a31l2l0udi
Email:learningkurakov@gmail com3292 ci9psg.e1tfd8ia4i
Email:learningkurakov@gmail com3292 19gk36m.gx844e7b9

Extensions of CAPM and VC

Email:learningkurakov@gmail com3292 1h0uld9.enlf7833di
Email:learningkurakov@gmail com3292 1lz3d3u.9v0wjt6gvi

Selecting the Portfolios

Email:learningkurakov@gmail com3292 15tc5yi.81p096bt9

The Fama-French 3-Factor Model

Email:learningkurakov@gmail com3292 1yigwor.mwag36jemi
Email:learningkurakov@gmail com3292 11rsezs.0e099vygb9

The Pastor-Stambaugh Model

Email:learningkurakov@gmail com3292 1s6y7pu.egd1fez5mi

The Cost of Capital for a VC

Email:learningkurakov@gmail com3292 1mdbslc.ebt2rqw7b9
Email:learningkurakov@gmail com3292 oh6881.6zz5x6flxr

Estimation of the Cost of Capital for VC

Email:learningkurakov@gmail com3292 167vpu6.cp5mmzehfr
Email:learningkurakov@gmail com3292 3w24fx.cykrlwstt9

Final Estimation Results

Email:learningkurakov@gmail com3292 10hxeyz.i76nave7b9

Summary

Email:learningkurakov@gmail com3292 x7x9t5.v78g9icnmi

Exam-like Question

Email:learningkurakov@gmail com3292 1adfnn3.ippb65hfr
Email:learningkurakov@gmail com3292 ys6dwh.nprwscq5mi