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gptkbp:instanceOf
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gptkb:financial_technology
|
|
gptkbp:appliesTo
|
stocks
portfolios
|
|
gptkbp:assumes
|
no transaction costs
homogeneous expectations
investors are rational
investors can borrow and lend at risk-free rate
markets are efficient
single-period investment horizon
|
|
gptkbp:basisFor
|
gptkb:security_market_line
alpha calculation
beta calculation
cost of equity calculation
|
|
gptkbp:category
|
finance
investment theory
|
|
gptkbp:component
|
gptkb:market_portfolio
systematic risk
unsystematic risk
market risk premium
risk-free asset
|
|
gptkbp:criticizedFor
|
unrealistic assumptions
empirical weaknesses
|
|
gptkbp:form
|
E(Ri) = Rf + βi(E(Rm) - Rf)
|
|
gptkbp:fullName
|
gptkb:Capital_Asset_Pricing_Model
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
CAPM
|
|
gptkbp:influenced
|
risk management
corporate finance
investment analysis
asset pricing models
|
|
gptkbp:influencedBy
|
gptkb:Modern_Portfolio_Theory
|
|
gptkbp:introduced
|
gptkb:William_F._Sharpe
gptkb:Jan_Mossin
gptkb:John_Lintner
gptkb:Jack_Treynor
|
|
gptkbp:introducedIn
|
1960s
|
|
gptkbp:publishedIn
|
gptkb:Journal_of_Finance
|
|
gptkbp:relatedTo
|
gptkb:Arbitrage_Pricing_Theory
gptkb:Fama-French_Three-Factor_Model
|
|
gptkbp:usedBy
|
academics
investors
financial analysts
portfolio managers
|
|
gptkbp:usedFor
|
estimating expected return of an asset
|
|
gptkbp:variant
|
beta
market return
risk-free rate
|
|
gptkbp:bfsParent
|
gptkb:PMP
gptkb:Capital_Asset_Pricing_Model
|
|
gptkbp:bfsLayer
|
6
|