Musings on Markets

JANUARY 11, 2024

The six classes that I prepped for in those two years ranged from banking to investments to corporate finance, and while I have never worked harder, much of what I teach today came out of those classes. In 1984, I moved on to the University of California at Berkeley, as a visiting lecturer, teaching anything that needed to be taught.

Corporate Finance 145

Corporate Finance Finance Start-ups Dividends 145

Musings on Markets

DECEMBER 21, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023.

Corporate Finance 99

Corporate Finance Finance Start-ups Marketability 99

Valutico

FEBRUARY 13, 2025

In the world of finance and investing, the concept of beta plays a vital role in assessing an investment’s risk and volatility. Beta, in finance, is a measure of a stock or portfolio’s sensitivity to market movements. Step 3: Calculate Covariance Determine the covariance between the asset returns and the market returns.

Beta 52

Beta Covariance Risk-free Rate Specific Risk 52

Reynolds Holding

JUNE 16, 2024

Other corporate distributions that have a similar effect on ownership are cash financed acquisitions and going private transactions. The overall impact of corporate aggregate distributions depends on the magnitude of such distributions and their covariation with institutional-level flows. Equity Market,” available here.

Dividends 45

Dividends Covariance Equity Finance 45

Andrew Stolz

AUGUST 6, 2020

The portfolio return variance is calculated by multiplying the squared weight of each asset by its variance and adding two times the weight of each asset multiplied by the covariance of the asset pair. The covariance of the assets is sqrt(0.3)*sqrt(0.2) The portfolio standard deviation is the square root of the portfolio variance.

Beta 52

Beta Covariance Systematic Risk Marketability 52