Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 5 of 5
Full-Text Articles in Business
Stochastic Duration And Dynamic Measure Of Risk In Financial Futures, Andrew H. Chen, Hun Y. Park, K. John Wei
Stochastic Duration And Dynamic Measure Of Risk In Financial Futures, Andrew H. Chen, Hun Y. Park, K. John Wei
Historical Working Papers
Stochastic duration is examined a general measure of risk for use in assessing financial futures.
Selecting Optimal Portfolios With A Futures Market In A Stock Index, Dwight Grant
Selecting Optimal Portfolios With A Futures Market In A Stock Index, Dwight Grant
Historical Working Papers
Futures in a stock index offer investors an important complement to the risk and return expectations of the basic portfolio.
Replicating Electric Utility Short-Term Credit Ratings, John W. Peavy, Iii, S. Michael Edgar
Replicating Electric Utility Short-Term Credit Ratings, John W. Peavy, Iii, S. Michael Edgar
Historical Working Papers
The market has devised a more detailed public utility commercial paper rating scherre than presently exists at the major rating bureaus. This stuiy identifies the key financial variables that contribute to market rating differences. A multiple discriminant model is developed that employs these variables to replicate not only agency ratings, but also the more precise market ratings. The empirical results verify the contention that public utility paper issuers can be effectively classified into more distinct quality categories than are currently provided by the agency raters.
The Significance Of Price-Earnings Ratios On Portfolio Returns, John W. Peavy, Iii, David A. Goodman
The Significance Of Price-Earnings Ratios On Portfolio Returns, John W. Peavy, Iii, David A. Goodman
Historical Working Papers
This study evaluates the PE ratio as a means of predicting portfolio returns. Results indicate that the PE ratio is a good factor in predicting return and that the CAPM measure may be inadequate.
Price-Earnings Relatives - A New Twist To The Low-Multiple Strategy, John W. Peavy, Iii, David A. Goodman
Price-Earnings Relatives - A New Twist To The Low-Multiple Strategy, John W. Peavy, Iii, David A. Goodman
Historical Working Papers
Authors support the notion that companies with low price-earning ratios make excellent investments with above normal returns balanced by lower than normal risk.