Equity Correlation Trading Silverio Foresi and Adrien Vesval Goldman Sachs NYU‚ April 2006 Outline • • • Equity Correlation: Definitions‚ Products and Trade Structures Rationale: Evidence and Models Opportunities: an Historical Perspective Correlation Products Building Blocks: Vol Products • Realized variance: RV • 1 = n ∑ T t =1 St (ln( )) S t −1 2 OTC products to trade realized variance: – Delta-hedged options (straddles) – Volatility swap – Variance swap
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Case Reading: Marvel Enterprises‚ Inc. 1. In your view‚ what strategic direction should Marvel Enterprises’ Vice Chairman Peter Cuneo and his colleagues pursue? Why? How? • I believe the company should focus on developing their lesser-known characters and making them known to their audiences. Granted they now have the resources to expand beyond the current business model to take on more capital-intensive activities‚ their efforts may be in vein if they don’t have well-developed characters
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What are the Objectives of Public Enterprises? SOUMYA SINGH In India‚ public enterprises have been assigned the task of realising the objectives laid down in the Directive Principles of State Policy. Public sector as a whole seeks: (a) to gain control of the commanding heights of the economy‚ (b) to promote critical development in terms of social gain or strategic value rather than on consideration of profit‚ and (c) to provide commercial surplus with which to finance further economic development
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LOVELY PROFESSIONAL UNIVERSITY DEPARTMENT OF MANAGEMENT Report on Summer Training Currency Trading in Religare Submitted to Lovely Professional University In partial fulfillment of the Requirements for the award of Degree of Master of Business Administration Submitted by: Pallavi Kumari RR1904B27
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rental market. Given their current dominance in the market‚ relationships with auto shops/dealerships/insurance companies‚ and reservation system’s direct interface with insurers‚ Enterprise is the most well positioned car rental company for discretionary and insurance repair/replacement rentals. Dominance - Enterprise initially sacrificed investment in the airport market in order to dominate the local market. With its 6‚000 branches‚ one wonders how Avis/Hertz would begin to match Enterprise’s
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1. What is meant by the Columbian Exchange? Who was affected the most by the exchange? The Columbian exchange was meant for people to trade for the goods the Americans were overflowing with. They would trade slaves and goods either the Americans or the foreign countries didn’t have. The Americans were mostly affected by the Columbian Exchange due to the diseases the Euros had aboard on their ship and would eventually pass it on to the Americans. They would get sick and suffer from the diseases that
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Derek J. Langford Course #: ECO2500E An Analysis of Tanzania’s Foreign Exchange Cycle from 2008‐2013 As shockwaves tore through world markets in 2007‐2008‚ Tanzania‚ a country hailed in the recent McKinsey Global Institute report‚ “Lions on the Move: The Progress and Potential of African Economies‚” found itself at a crossroads.1 Market liberalization‚ structural reforms‚ and macroeconomic discipline that began in the 1980s‚ had noticeably borne
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SHERWOOD ENTERPRISES Sherwood enterprise is a business company owned by Robin Hood. Robin Hood is a great entrepreneur and the President of Sherwood enterprise. Sherwood enterprise is based in the Sherwood Forest‚ the world’s most loved heritage forest as a result of its exciting landscape that is esteemed by nearly every person who has heard of it. Robin Hood experienced a great success in the first year of the operation of the Sherwood Enterprise. The growth of his company has been extraordinary
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confinement. Merril Lynch tipped off the Securities & Exchange commission to report the possibility of insider trading on Imclong‚ and launched the joint investigation with the FBI into whether or not Ms. Stewart committed a crime. I believe that Martha Stewart was guilty of insider trading‚ lying and conspiring to lie‚ in order to protect their money. After reading this chapter on Business Ethics‚ primarily this case involving Ms. Stewart came to the fore front nationally because
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result of the repurchase. The new dividend yield after the repurchase will be 2.8% (1.20/43.36). The company currently has the second best dividend yield. According to the data‚ Reliance Parts and Allied have a worse dividend yield than Gilbert Enterprise. Standard Auto has a better dividend yield by 1.86%. If the company chose to repurchase the stock it will then have a lower dividend yield than Allied Motors as well as Standard Auto. In future years‚ with the dividend having a 15% growth rate over
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