A slide review of the article competing against free (HBR). This has been done in accordance with the requirements of the Brand Management course, MBA, IIM Lucknow
Effects of option characteristics and underlying stock on option beta articleDharma Bagoes Oka
Beta (β) is one of the risk management tools to capture the risk exposures of hedge-fund investments. As most of hedge funds today trade derivative securities, the research on the measurement of derivative beta is important. The aim of this paper is to examine the factors, which may have impacts on option beta in the United States market. My hypothesis is comprised into three main parts. First, I hypothesize that 5 variables (type of option, strike price, days to maturity, firm size and book to market ratio) have linear relationship with the option beta. Second, I hypothesize that the strength of linear relationship is varied by the type of the industry. Third, I hypothesize that the strength of linear relationship is also varied by these 5 types of variables itself. To begin the process, I use regression method to estimate the beta of underlying stock. Then, I estimate the option beta by multiplying the beta of underlying stock and the option elasticity. I then use regression method to test whether the 5 variables have linear relationship with option beta. I find that 3 variables (type of option, strike price and days to maturity) have the most significant linear relationship with option beta, while firm size has less significant linear relationship and book to market ratio have no significant linear relationship. Furthermore, using 2-way ANOVA, I test whether strength of linear relationship is varied by the type of the industry and the 5 types of variables. There is not enough evidence to infer that the strength of linear relationship between the 5 variables to option beta is varied by the type of the industry, instead, there is enough evidence to infer that the strength of linear relationship between the 5 variables to option beta is varied by the type of variables.
Want to learn why Probulin is considered a "gourmet" probiotic? This presentation gives you an overview of the basics of the next generation in probiotics: Probulin.
A slide review of the article competing against free (HBR). This has been done in accordance with the requirements of the Brand Management course, MBA, IIM Lucknow
Effects of option characteristics and underlying stock on option beta articleDharma Bagoes Oka
Beta (β) is one of the risk management tools to capture the risk exposures of hedge-fund investments. As most of hedge funds today trade derivative securities, the research on the measurement of derivative beta is important. The aim of this paper is to examine the factors, which may have impacts on option beta in the United States market. My hypothesis is comprised into three main parts. First, I hypothesize that 5 variables (type of option, strike price, days to maturity, firm size and book to market ratio) have linear relationship with the option beta. Second, I hypothesize that the strength of linear relationship is varied by the type of the industry. Third, I hypothesize that the strength of linear relationship is also varied by these 5 types of variables itself. To begin the process, I use regression method to estimate the beta of underlying stock. Then, I estimate the option beta by multiplying the beta of underlying stock and the option elasticity. I then use regression method to test whether the 5 variables have linear relationship with option beta. I find that 3 variables (type of option, strike price and days to maturity) have the most significant linear relationship with option beta, while firm size has less significant linear relationship and book to market ratio have no significant linear relationship. Furthermore, using 2-way ANOVA, I test whether strength of linear relationship is varied by the type of the industry and the 5 types of variables. There is not enough evidence to infer that the strength of linear relationship between the 5 variables to option beta is varied by the type of the industry, instead, there is enough evidence to infer that the strength of linear relationship between the 5 variables to option beta is varied by the type of variables.
Want to learn why Probulin is considered a "gourmet" probiotic? This presentation gives you an overview of the basics of the next generation in probiotics: Probulin.
2.
Gino è andato allo
zoo e ha visto una
giraffa che beveva
l'acqua e si chiamava
Gina. Gino ha detto
che poteva venire a
bere con lei e Gina
ha detto si certo cosi
ho un amico che
posso dire tutto.
3.
Gino ha detto di si
dimmi tutto Gina ora
di dico tutto. Una
volta sono andata a
giocare con il mio
fratellino e si
chiamava Geppo e
si giocava a pallone.
4.
Geppo la tirata al lago
e Geppo è andato a
prenderla e è caduto
nel lago e Gina è
andata a vedere che
casa è successo, Gina
a chiamato
Geppoooooooooooooo
e geppo non ha
risposto e Gina eh
andata a casa a dirlo
alla mamma e al babbo
e sono messi a
piangere tutti e tre.
5.
Poi anno sonato alla
porta e anno detto
chi è non
rispondevano e
Gina è andata a
aprire la porta e era
Geppo.
6. Gina la braccio e Gina ha detto
mamma e babbo venite qui e
mamma e babbo sono andati li.
Anno visto Geppo si mi sono a
piangere e la braccio e Geppo ha
detto che non lo fa più e felice e
contenti ciao.
