This document discusses risk and return from an investment perspective. It defines risk as the probability of getting a return less than expected, which can arise from unexpected changes in dividends, interest rates or stock prices. Risk is categorized as either systematic, stemming from broader economic and market forces outside an investor's control, or unsystematic, which is specific to a particular company. Systematic risk includes market risk, interest rate risk and purchasing power risk. Unsystematic risk includes business risk, related to company-specific operations, and financial risk, regarding a company's capital structure. Standard deviation is presented as a quantitative measure of risk, assessing the dispersion of returns around the expected mean return.
Managerial Finance. "Risk and Return". Types of risk. Required return. Correlation. Diversification. Beta coefficient. Risk of a portfolio. Capital Asset Pricing Model. Security Market Line.
THE INVESTMENT ENVIRONMENT - PART 1: Meaning of Investment/Types of Investments/Characteristics of Investment/Objectives of Investment/Types of Investors/Investment Management Process
Capital Budgeting is about how one should evaluate the financing options based on the superior financial performance through mathematical techniques. These techniques have been discussed in the presentation in detail.
Financial system and markets:
objectives of financial system-
Concepts of financial system-
Financial concepts-
Development of financial systems in India-
Weakness of Indian financial system
Financial Markets - Money market-Organized and Unorganized-Sub markets
Capital market- Primary market-IPO-FPO- NFO, Book Building-Right Issue-Private placement- Bonus issue-Buyback
Secondary Market-Stock exchanges- Role and functions of Stock Exchanges- BSE-NSE.
Regulatory authorities and their functions – RBI, SEBI
Managerial Finance. "Risk and Return". Types of risk. Required return. Correlation. Diversification. Beta coefficient. Risk of a portfolio. Capital Asset Pricing Model. Security Market Line.
THE INVESTMENT ENVIRONMENT - PART 1: Meaning of Investment/Types of Investments/Characteristics of Investment/Objectives of Investment/Types of Investors/Investment Management Process
Capital Budgeting is about how one should evaluate the financing options based on the superior financial performance through mathematical techniques. These techniques have been discussed in the presentation in detail.
Financial system and markets:
objectives of financial system-
Concepts of financial system-
Financial concepts-
Development of financial systems in India-
Weakness of Indian financial system
Financial Markets - Money market-Organized and Unorganized-Sub markets
Capital market- Primary market-IPO-FPO- NFO, Book Building-Right Issue-Private placement- Bonus issue-Buyback
Secondary Market-Stock exchanges- Role and functions of Stock Exchanges- BSE-NSE.
Regulatory authorities and their functions – RBI, SEBI
In this power Point Presentation i will discuss about the Risk and Different types of Risk. when a Investor invest in a security than what type of Risk he have from the Security.
The presentation covers topics like Investment and Speculation, Investment and Gambling, Investment Management Process, Types of Speculators, Technical Analysis and Fundamental Analysis, Concept of Risk and Return
a process that businesses use to evaluate potential major projects or investments
We shall learn about Capital Budgeting and all the details related to it in this article:
What is Capital Budgeting in detail
Features of capital budgeting
Understanding capital budgeting and how it works
Techniques/Methods of capital budgeting with Examples
Process of capital budgeting
Factors affecting capital budgeting
Objectives
Limitations of capital budgeting
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Which Crypto to Buy Today for Short-Term in May-June 2024.pdf
risk and return.pptx
1. RISK AND RETURN
Presented by:
Vikash Barnwal
Assistant Professor
Faculty of Business Studies
Kashi Institute of Technology
2. Risk and Return Framework
Risk and Return Framework
Security Analysis Portfolio Management
3. “Maximizing the return and Minimizing the Risk”
Concept of Risk : Risk is the probability of getting return less then the expected return. Risk in
holding security generally associated with the possibility that realize return will be less then
the return that were expected. The source of such disappointment is the failure to dividend,
interest or and the securities price to materialize as expected .
Risk is the variability between the expected and actual return.
4. Investors invest for anticipated future returns, but these returns can be rarely predicted. The
difference between the expected return and the realized return and latter may deviate from
the former. This deviation is defined as risk. All investors generally prefer investment with
higher returns, he has to pay the price in terms of accepting higher risk too. Investors
usually prefer less risky investments than riskier investments. The government bonds are
known as risk-free investments, while other investments are risky investments.
5. Types of Risk
Risk
Systematic Risk
(Uncontrollable)
Unsystematic Risk
(Controllable)
Total Risk=Systematic Risk + Unsystematic Risk
(Total risk is the combination of systematic risk and unsystematic risk)
6. It means that total risk is a combination of systematic risk and
unsystematic risk. In investment those forces that are uncontrollable or
external are called sources of systematic risk conversely in investment
those forces that are controllable or internal are called unsystematic
risk
8. Systematic Risk
Systematic risk refers to total variability in return cost by factors affecting the prices
of all the security in economy. Economic, political etc are sources of systematic risk
. There effect is to cause prices of nearly all individuals common stock to move
together in the same manner.
For Example: if the economy moving toward a recession and corporate profit ship
downward, stock price may decline across broad front across all stock listed on
(NYSE) move in the same direction as the NYSE index.
9. Types of systematic risk
Systematic Risk
Market Risk Interest Rate Risk
Purchasing Power
Risk
10. Market Risk
Jack Clark Francis defined market risk as “portion of total variability in return
caused by the alternating forces of bull and bear markets.
When the security index moves upward for a significant period of time, it is bull
market and if the index declines from the peak to market low point is called
troughs i.e. bearish for significant period of time.
The forces that affect the stock market are tangible and intangible events. The
tangible events such as earthquake, war, political uncertainty and fall in the value
of currency. Intangible events are related to market psychology.
For example – In 1996, the political turmoil and recession in the economy resulted in
the fall of share prices and the small investors lost faith in market. There was a rush
to sell the shares and stocks that were floated in primary market were not received
well.
11. Interest Rate Risk
It is the variation in single period rates of return caused by the fluctuations in the market interest
rate. Mostly it affects the price of the bonds, debentures and stocks. The fluctuations in the interest
rates are caused by the changes in the government monetary policy and changes in treasury bills
and the government bonds.
Interest rates not only affect the security traders but also the corporate bodies who carry their
business with borrowed funds. The cost of borrowing would increase and a heavy outflow of
profit would take place in the form of interest to the capital borrowed. This would lead to
reduction in earnings per share and consequent fall in price of shares.
EXAMPLE –In April 1996, most of the initial public offerings of many companies remained under
subscribed, but IDBI & IFC bonds were over subscribed. The assured rate of return attracted the
investors from the stock market to the bond market.
12. Purchasing Power Risk
Variations in returns are due to loss of purchasing power of currency. Inflation is the reason
behind the loss of purchasing power. The inflation may be, “demand-pull or cost-push“.
Demand pull inflation, the demand for goods and services are in excess of their supply.
The supply cannot be increased unless there is an expansion of labour force or machinery
for production. The equilibrium between demand and supply is attained at a higher price
level.
Cost-push inflation, the rise in price is caused by the increase in the cost. The increase in
cost of raw material, labour, etc makes the cost of production high and ends in high price
level. The working force tries to make the corporate to share the increase in the cost of
living by demanding higher wages. Hence, Cost-push inflation has a spiraling effect on
price level.
13. UNSYSTEMATIC RISK
Unsystematic risk stems from managerial inefficiency, technological change in production
process, availability of raw materials, change in consumer preference and labour problems.
They have to be analysed by each and every firm separately. All these factors form
Unsystematic risk.
Types of Risk
Unsystematic Risk
Business Risk Financial Risk
14. 1. BUISNESS RISK:
It is caused by the operating environment of the business. It arises from the inability of a firm to maintain its competitive edge and
the growth or stability of the earnings. The variation in the expected operating income indicates the business risk. It is concerned
with difference between revenue and earnings before interest and tax. It can be further divided into:
Internal business risk
External business risk
Internal business risk - it is associated with the operational efficiency of the firm. The efficiency of operation is
reflected on the company’s achievement of its goals and their promises to its investors. The internal business risks are:
• Fluctuation in sales
• Research and development
• Personal management
• Fixed cost
• Single product
External business risk –It is the result of operating conditions imposed on the firm by circumstances beyond its
control. The external business risk are,
• Social and regulatory factors
• Political risk
• Business cycle.
15. 2. FINANCIAL RISK:
It is the variability of the income to the equity capital due to the debt capital. Financial risk is
associated with the capital structure of the firm. Capital structure of firm consists of equity
bonds and borrowed funds. The interest payment affects the payments that are due to the equity
investors. The use of debt with the owned funds to increase the return to the shareholders is
known as financial leverage.
The financial risk considers the difference between EBIT and EBT. The business risk causes
the variation between revenue and EBIT. The financial risk is an avoidable risk because it is
the management which has to decide how much has to be funded with equity capital and
borrowed capital.
16. Measurement Of Risk
Standard Deviation( ) : standard deviation is a tool for assessing risk associated
with a particular investment .
Standard Deviation measures the dispersion or variability around a mean /expected
value .
Formula: ( )Standard Deviation = 𝑥 =
𝑏2