Feem ntau, Unlevered beta qis dua li cov beta leveredtxawm li cas los xij, nws tuaj yeem siab dua qee qhov tshwj xeeb tshaj yog thaum cov nuj nqis tsis zoo (txhais tau tias lub tuam txhab muaj nyiaj ntau dua. nuj nqis).
Dab tsi yog qib siab dua lossis tsis muaj beta?
Vim muaj kev ruaj ntseg unlevered betayog ib txwm qis dua nws cov levered beta vim nws cov nuj nqis, nws cov beta unlevered yog qhov tseeb dua hauv kev ntsuas nws qhov kev hloov pauv thiab kev ua tau zoo hauv kev cuam tshuam nrog kev lag luam tag nrho. … Yog hais tias kev ruaj ntseg qhov beta unlevered yog qhov zoo, cov tub ua lag luam xav nqis peev rau nws thaum lub sij hawm bull markets.
Puas yog CAPM siv levered lossis unlevered beta?
Tom qab unlevering Betas, tam sim no peb tuaj yeem siv qhov tsim nyog "kev lag luam" Beta (xws li lub ntsiab lus ntawm comps 'unlevered Betas) thiab relever nws rau qhov tsim nyog peev qauv ntawm lub tuam txhab muaj nuj nqis. Tom qab relevering, peb tuaj yeem siv levered Beta hauv CAPM qauv los xam tus nqi ntawm kev ncaj ncees.
Puas siab tsis muaj beta zoo?
Ib levered beta qhia qhov rhiab heev ntawm lub tuam txhab tus nqi Tshuag rau tag nrho cov lag luam txav. Qhov zoo levered beta qhia tau hais tias thaum kev ua lag luam zoo, cov nqi khoom lag luam yuav nce, thiab qhov tsis zoo levered beta qhia tias thaum kev ua lag luam tsis zoo, cov nqi Tshuag yuav poob.
Yuav ua li cas yog lub siab levered beta?
Yog ib lub tuam txhab muaj nuj nqis ntau dua li kev ncaj ncees, ces nws raug txiav txim siab heevleveraged. Yog tias lub tuam txhab txuas ntxiv siv cov nuj nqis los ua cov peev nyiaj, nws cov beta levered tuaj yeem loj hlob ntau dua 1, uas yuav qhia tau tias lub tuam txhab cov khoom lag luam tau hloov pauv ntau dua piv rau kev ua lag luam.
