Have Individual Stocks Become More Volatile? PDF Download
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Author: John Y. Campbell
Publisher:
ISBN:
Category : Portfolio management
Languages : en
Pages : 74
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Book Description
This paper uses a disaggregated approach to study the volatility of common stocks at the market, industry, and firm levels. Over the period 1962-97 there has been a noticeable increase in firm-level volatility relative to market volatility. Accordingly correlations among individual stocks and the explanatory power of the market model for a typical stock have declined, while the number of stocks needed to achieve a given level of diversification has increased. All the volatility measures move together countercyclically and help to predict GDP growth. Market volatility tends to lead the other volatility series. Factors that may be responsible for these findings are suggested.
Author: John Y. Campbell
Publisher:
ISBN:
Category : Portfolio management
Languages : en
Pages : 74
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Book Description
This paper uses a disaggregated approach to study the volatility of common stocks at the market, industry, and firm levels. Over the period 1962-97 there has been a noticeable increase in firm-level volatility relative to market volatility. Accordingly correlations among individual stocks and the explanatory power of the market model for a typical stock have declined, while the number of stocks needed to achieve a given level of diversification has increased. All the volatility measures move together countercyclically and help to predict GDP growth. Market volatility tends to lead the other volatility series. Factors that may be responsible for these findings are suggested.
Author: Greg N. Gregoriou
Publisher: CRC Press
ISBN: 1420099558
Category : Business & Economics
Languages : en
Pages : 654
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Book Description
Up-to-Date Research Sheds New Light on This Area Taking into account the ongoing worldwide financial crisis, Stock Market Volatility provides insight to better understand volatility in various stock markets. This timely volume is one of the first to draw on a range of international authorities who offer their expertise on market volatility in devel
Author: Richard Lehman
Publisher: John Wiley & Sons
ISBN: 1118102665
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Practical option strategies for the new post-crisis financialmarket Traditional buy-and-hold investing has been seriously challengedin the wake of the recent financial crisis. With economic andmarket uncertainty at a very high level, options are still the mosteffective tool available for managing volatility and downside risk,yet they remain widely underutilized by individuals and investmentmanagers. In Options for Volatile Markets, Richard Lehmanand Lawrence McMillan provide you with specific strategies to lowerportfolio volatility, bulletproof your portfolio against anycatastrophe, and tailor your investments to the precise level ofrisk you are comfortable with. While the core strategy of this new edition remains covered callwriting, the authors expand into more comprehensive optionstrategies that offer deeper downside protection or even allowinvestors to capitalize on market or individual stock volatility.In addition, they discuss new offerings like weekly expirations andoptions on ETFs. For investors who are looking to capitalize onglobal investment opportunities but are fearful of lurking "blackswans", this book shows how ETFs and options can be utilized toconstruct portfolios that are continuously protected againstunforeseen calamities. A complete guide to the increased control and lowered riskcovered call writing offers active investors and traders Addresses the changing investment environment and how to useoptions to succeed within it Explains how to use options with exchange-traded funds Understanding options is now more important than ever, and withOptions for Volatile Markets as your guide, you'll quicklylearn how to use them to protect your portfolio as well as improveits overall performance.
Author: Richard A. Brealey
Publisher: MIT Press (MA)
ISBN:
Category : Investment analysis
Languages : en
Pages : 168
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Book Description
Author: Mr.Julan Du
Publisher: International Monetary Fund
ISBN: 1451847130
Category : Business & Economics
Languages : en
Pages : 43
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Book Description
This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. The central finding is that countries with more prevalent insider trading have more volatile stock markets, even after one controls for liquidity/maturity of the market and the volatility of the underlying fundamentals (volatility of real output and of monetary and fiscal policies). Moreover, the effect of insider trading is quantitively significant when compared with the effect of economic fundamentals.
Author: Guy Cohen
Publisher: FT Press
ISBN: 0131365312
Category : Business & Economics
Languages : en
Pages : 544
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Book Description
Markets are more volatile than ever. That terrifies many investors, but it shouldn’t terrify you. Smart investors know how to feast on volatility. That’s because they’ve learned proven trading strategies designed specifically to profit from rapid market shifts. In Volatile Markets Made Easy: Trading Stocks and Options for Increased Profits, investing expert Guy Cohen teaches you how to earn big returns by systematically cherry picking the best trades while minimizing risk, and execute a simple trading plan that leverages your profits in volatile markets. "Volatile Markets Made Easy is not just a book; it is a full course of instruction. This is an incredible piece of work." —Ned W. Bennett, CEO/Cofounder, optionsXpress, Inc. "I highly recommend Guy Cohen’s Volatile Markets Made Easy, which introduces to the world his simple approach utilizing flag chart patterns to capitalize on trending stocks. Guy’s combination of clear explanations and lavishly detailed follow-throughs of trade examples cogently demonstrates how to deploy several simple, option-based strategies to make consistent money with one of the most reliable stock chart patterns—while strictly limiting risk with sound money management techniques. Add this one to your shelf." —John Brasher, CallWriter.com
Author: Sheridan Titman
Publisher:
ISBN: 9780321384140
Category : Capital investments
Languages : en
Pages : 556
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Book Description
Author: Sushil Bikhchandani
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 38
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Book Description
Author: Miklós Koren
Publisher:
ISBN:
Category : Technological innovations
Languages : en
Pages : 45
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Book Description
Author: Larry E. Swedroe
Publisher: Macmillan
ISBN: 9780312291303
Category : Business & Economics
Languages : en
Pages : 360
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Book Description
Offers particular coverage of working in a cautious climate, highlighting three dozen costly mistakes while outlining the steps for building a globally diversified portfolio.
