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An estimation of the CAPM and the security market line (purple) for the Dow Jones Industrial Average over 3 years for monthly data. In finance, the capital asset pricing model (CAPM) is a model used to determine a theoretically appropriate required rate of return of an asset, to make decisions about adding assets to a well-diversified portfolio.
According to computer scientist Eric Brewer of the University of California, Berkeley, the theorem first appeared in autumn 1998. [9] It was published as the CAP principle in 1999 [10] and presented as a conjecture by Brewer at the 2000 Symposium on Principles of Distributed Computing (PODC). [11]
Mean-variance efficiency of the market portfolio is equivalent to the CAPM equation holding. This statement is a mathematical fact, requiring no model assumptions. Given a proxy for the market portfolio, testing the CAPM equation is equivalent to testing mean-variance efficiency of the portfolio.
WACC is the weighted average cost of capital, combining the cost of equity and the after-tax cost of debt; t is the time period; n is the number of time periods to "maturity" or exit; g is the sustainable growth rate at that point
Alternatively, the method can be used to value the company based on the value of total invested capital. In each case, the differences lie in the choice of the income stream and discount rate. For example, the net cash flow to total invested capital and WACC are appropriate when valuing a company based on the market value of all invested ...
The database schema is the structure of a database described in a formal language supported typically by a relational database management system (RDBMS). The term " schema " refers to the organization of data as a blueprint of how the database is constructed (divided into database tables in the case of relational databases ).
For example, Base One describes a database-centric distributed computing architecture for grid and cluster computing, and explains how this design provides enhanced security, fault-tolerance, and scalability. [4] an overall enterprise architecture that favors shared data models [5] over allowing each application to have its own, idiosyncratic ...
Attributes in ER diagrams are usually modeled as an oval with the name of the attribute, linked to the entity or relationship that contains the attribute. ER models are commonly used in information system design; for example, they are used to describe information requirements and / or the types of information to be stored in the database during ...