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gptkbp:instanceOf
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gptkb:financial_technology
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gptkbp:abbreviation
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gptkb:APT
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gptkbp:alternativeTo
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gptkb:Capital_Asset_Pricing_Model
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gptkbp:assumes
|
no arbitrage
investors are rational
arbitrage opportunities are quickly eliminated
asset returns are a linear function of factors
markets are frictionless
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gptkbp:describes
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asset pricing
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gptkbp:explains
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expected return of a financial asset
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gptkbp:field
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economics
finance
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gptkbp:form
|
linear factor model
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https://www.w3.org/2000/01/rdf-schema#label
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Arbitrage Pricing Theory
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gptkbp:influenced
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multi-factor models
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gptkbp:influencedBy
|
gptkb:Modern_Portfolio_Theory
gptkb:Capital_Asset_Pricing_Model
|
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gptkbp:proposedBy
|
gptkb:Stephen_Ross
1976
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gptkbp:publishedIn
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gptkb:Journal_of_Economic_Theory
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gptkbp:relatedTo
|
systematic risk
factor models
idiosyncratic risk
|
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gptkbp:usedIn
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risk management
portfolio management
asset pricing
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gptkbp:uses
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multiple risk factors
|
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gptkbp:bfsParent
|
gptkb:Stephen_A._Ross
gptkb:Capital_Asset_Pricing_Model
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gptkbp:bfsLayer
|
6
|