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Fama–French three-factor model is used for asset pricing and portfolio management. The three factors are company size, company price-to-book ratio, and market risk. The traditional asset pricing model, known formally as the capital asset pricing model (CAPM) uses only one variable to describe the returns of a portfolio or stock with the returns of the market as a whole. In contrast, the Fama–French model uses three variables. Fama and French started with the observation that two classes of stocks have tended to do better than the market as a whole: (i) small caps and (ii) stocks with a high Book-to-market ratio (B/P, customarily called value stocks, contrasted with growth stocks). They then added two factors to CAPM to reflect a portfolio's exposure to these two classes.
Study the given pattern carefully and select the number that can replace the question mark (?) in it.
‘Water’ is related to ‘Filter’ in the same way as ‘Film’ is related to ‘______’.
In a certain code language, ‘FRIEND’ is written as ‘IIFDME’ and 'DEMAND' is written as 'MVDDMA'. How will ‘GROUND’ be written in that langua...
I is the son of B. G is the son of A. B is the wife of A. H is the wife of G. I is the husband of J. W is the daughter of J. U is the son of G. How is B...
Select the option in which the following figure is embedded. (Rotation is NOT allowed)
From his fishpond, Niyaz went to the fish market. First, he went straight towards the north for 2 km and then turned right. Thereafter, he walked for a ...
A cube is made by folding the given sheet. In the cube so formed, which pair of letters will be on the opposite faces?
The houses of A and B face each other on a road going north-south, A’s being on the western side. A comes out of his house, turns left, travels 5 km,...
Question Figure:
In this question, two statements I and II have been given. These statements may be independent causes or effects of independent causes or a common caus...