Musings on Markets

JANUARY 10, 2025

It is the end of the first full week in 2025, and my data update for the year is now up and running, and I plan to use this post to describe my data sample, my processes for computing industry statistics and the links to finding them. Beta & Risk 1. Equity Risk Premiums 2. Corporate Governance & Descriptive 1.

Risk Premium 119

Risk Premium Dividends Start-ups Corporate Finance 119

Musings on Markets

APRIL 7, 2025

trillion in value last week, a 9.24% decline in value from the Friday close on March 28, 2025. In the language of risk, they are demanding higher prices for risk, translating into higher risk premiums. US equities had the biggest decline in dollar value terms, losing $5.3

Marketability 97

Marketability Risk Premium Start-ups Equity 97

Musings on Markets

FEBRUARY 23, 2025

Debt to EBITDA : Since debt payments are contractually set, looking at how much debt is due relative to measure of operating cash flow making sense, and that ratio of debt to EBITDA provides a measure of that capacity, with higher (lower) numbers indicating more (less) financial strain from debt.

Equity 75

Equity EBITDA Risk Premium Gross Debt 75

Musings on Markets

FEBRUARY 6, 2025

The logical step in looking across countries is measuring risk in countries, and bringing that risk into your analysis, by incorporating that risk by demanding higher expected returns in riskier countries. The answers, to you, may seem obvious, but I find it useful to organize the obvious into buckets for analysis.

Risk Premium 67

Risk Premium Start-ups Enterprise Value Equity 67

Global Finance

OCTOBER 29, 2024

In the second quarter, growth in Ebitda [earnings before interest, taxes, depreciation and amortization] outpaced interest expense growth for high-yield corporates. We’ve seen dramatic improvements with companies addressing maturities due in 2025, but also a lot of progress on maturities due out to 2026.

Start-ups 98

Start-ups Finance Equity Private Equity Firm 98