INTERTEMPORAL CAPITAL ASSET PRICING MODEL - ICAPM
A financial model that endeavors to account key sources of risk when optimizing consumption over a time period. The model postulates the security returns are usually given over multiple time periods and all future consumption will be financed by security returns. ICAPM was described by Nobel awardee and American sociologist Robert Merton in 1973.
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Concentration Ratio
Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
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Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
“Z-Score” is a statistical measurement showing the relationship of the score to the mean. It can be positive or negative, which means t ...
Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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