Its unified treatment of derivative security applications to both risk management and speculative trading separates this book from others. Presenting an integrated explanation of speculative trading and risk management from the practitioner's point of view, Risk Management, Speculation, and Derivative Securities is the only standard text on financial risk management that departs from the perspective of an agent whose main concerns are pricing and hedging derivatives. After offering a general framework for risk management and speculation using derivative securities, it explores specific...
Its unified treatment of derivative security applications to both risk management and speculative trading separates this book from others. Presenting ...
This innovative text presents the theoretical foundations of security analysis and investment strategy, and explores the practical applications of these theories. After establishing an historical foundation, the book examines fixed income securities, equity analysis and investment strategy.
Assesses a range of approaches to investment analysis and strategy
Develops an advanced treatment of the subject throughout, while remaining focused on the practical concerns of security analysts
Features end-of-chapter questions, case studies...
This innovative text presents the theoretical foundations of security analysis and investment strategy, and explores the practical applications of the...
The central theme is to demonstrate commodity risk management decisions require an in depth understanding of speculative strategies. To this end, this book aims to provide an unified treatment of important concepts and techniques that are useful in applying derivative securities in the management of risk arising in commodity markets. Some of the techniques examined are well known, such as the replication strategies associated with put-call parity arbitrage. However, extensions to specific situations and the connection to speculative trading strategies are not. In actual situations, commodity...
The central theme is to demonstrate commodity risk management decisions require an in depth understanding of speculative strategies. To this end, this...
This book provides a comprehensive and rigorous treatment of academic and practitioner approaches to equity security valuation. Guided by historical and philosophical insights, conventional academic wisdom surrounding the ergodic properties of stochastic processes is challenged. In addition, the implications of a general stochastic interpretation of equity security valuation are provided. Valuation of Equity Securities will also be a good reference source for students and professionals interested in the theoretical and practical applications of equity securities.
This book provides a comprehensive and rigorous treatment of academic and practitioner approaches to equity security valuation. Guided by historical a...
Capitalism is historically pervasive. Despite attempts through the centuries to suppress or control the private ownership of commercial assets, production and trade for profit has survived and, ultimately, flourished. Against this backdrop, accounting provides a fundamental insight: the value of physical and intangible capital assets that are used in production is identically equal to the sum of the debt liabilities and equity capital that are used to finance those assets. In modern times, this appears as the balance sheet relationship. In determining the value of items on the balance...
Capitalism is historically pervasive. Despite attempts through the centuries to suppress or control the private ownership of commercial assets, pro...
