Tabla de Contenidos: “…Index turnover -- Up‐capture indicator -- Down‐capture indicator -- Up‐number ratio -- Down‐number ratio -- Up‐percentage ratio -- Down‐percentage ratio -- Percentage gain ratio -- Excess Return -- Arithmetic excess return -- Geometric excess return -- 5 Risk -- Definition of Risk -- Risk types -- Risk management versus risk control -- Risk aversion -- Ex‐post and ex‐ante -- Descriptive Statistics -- Mean (or arithmetic mean) -- Mean absolute deviation (or mean deviation) -- Variance -- Bessel's correction (population or sample, n or n - 1) -- Sample variance -- Standard deviation (variability or volatility) -- Annualised risk (or time aggregation) -- The central limit theorem -- Frequency and number of data points -- Normal (or Gaussian) distribution -- Histograms -- Skewness (Fisher's or moment skewness) -- Sample skewness -- Kurtosis (Pearson's kurtosis) -- Excess kurtosis (or Fisher's kurtosis) -- Sample kurtosis -- Bera‐Jarque statistic (or Jarque‐Bera) -- Covariance -- Sample covariance -- Correlation (ρ) -- Sample correlation -- Performance Appraisal -- Sharpe ratio (reward to variability, Sharpe index) -- Roy ratio -- Risk‐free rate -- Alternative Sharpe ratio -- Revised Sharpe ratio -- Adjusted Sharpe ratio -- Skew‐adjusted Sharpe ratio -- Relative Risk -- Tracking error (or tracking risk, relative risk, active risk) -- Information ratio -- Geometric information ratio -- Modified information ratio -- Regression Analysis -- Regression equation -- Regression alpha -- Regression beta -- Regression epsilon -- Capital asset pricing model (CAPM) -- Beta (β) (systematic risk or volatility) -- Jensen's alpha (Jensen's measure or Jensen's differential return or ex‐post alpha) -- Annualised alpha -- Bull beta ( +) -- Bear beta ( −) -- Bear beta (&amp -- rmbeta -- −) -- Beta timing ratio -- Market timing -- Systematic risk -- Correlation…”

Tabla de Contenidos: “…General Principles of Asset Pricing -- ONE-PERIOD FINITE STATE ECONOMY -- PORTFOLIOS AND MARKET COMPLETENESS -- Redundant Assets -- Complete Market -- THE LAW OF ONE PRICE AND LINEAR PRICING -- Linear Pricing -- State Price -- ARBITRAGE AND POSITIVE STATE PRICING -- THE FUNDAMENTAL THEOREM OF ASSET PRICING -- The Discount Factor -- Pricing Using Risk-Neutral Probabilities -- DISCOUNT FACTOR MODELS -- STOCHASTIC DISCOUNT FACTORS -- Application to CAPM and APT -- Hansen-Jagannathan Bound -- KEY POINTS -- REFERENCES -- Capital Asset Pricing Models -- INTRODUCTION -- SHARPE-LINTNER CAPM -- ROY CAPM -- CONFUSIONS REGARDING THE CAPM -- TWO MEANINGS OF MARKET EFFICIENCY -- A Simple Market -- Arbitrage -- Expected Returns and Betas -- Limited Borrowing -- Further Generalizations -- CAPM INVESTORS DO NOT GET PAID FOR BEARING RISK -- THE "TWO BETA" TRAP -- Beta1963 -- Beta1964 -- Propositions about Betas -- KEY POINTS -- NOTES -- REFERENCES -- Modeling Asset Price Dynamics -- FINANCIAL TIME SERIES -- BINOMIAL TREES -- ARITHMETIC RANDOM WALKS -- Simulation -- Parameter Estimation -- Arithmetic Random Walks: Some Additional Facts -- GEOMETRIC RANDOM WALKS -- Simulation -- Parameter Estimation -- Geometric Random Walk: Some Additional Facts -- MEAN REVERSION -- Simulation -- Parameter Estimation -- Geometric Mean Reversion -- ADVANCED RANDOM WALK MODELS -- Correlated Random Walks -- Incorporating Jumps -- Stochastic Volatility -- STOCHASTIC PROCESSES -- KEY POINTS -- REFERENCES -- Arbitrage Pricing: Finite-State Models -- THE ARBITRAGE PRINCIPLE -- ARBITRAGE PRICING IN A ONE-PERIOD SETTING -- State Prices -- Risk-Neutral Probabilities -- Complete Markets -- ARBITRAGE PRICING IN A MULTIPERIOD FINITE-STATE SETTING -- Propagation of Information -- Trading Strategies -- State-Price Deflator -- Equivalent Martingale Measures -- Risk-Neutral Probabilities…”

“…Conklin’s reminiscence was preserved by his son and then by his grandson Roy Conklin, who brought it to the attention of Wendell Tripp. …”

“…On the way, you'll unravel the mysteries of many specialist studio tactics and gain the confidence to tackle a full range of real-world recording situations. …”

“…On the way, you'll unravel the mysteries of many specialist studio tactics and gain the confidence to tackle a full range of real-world recording situations. …”