SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT | EFFICIENT MARKET HYPOTHESIS | | MRIGANKA DAS‚ 13/09 | INTRODUCTION: The Efficient Market Hypothesis and Random Walks One of the early applications of computers in economics in the 1950s was to analyze economic time series. Business cycle theorists believed tracing the evolution of several economic variables over time would clarify and predict the progress of the economy through boom and bust periods. A natural candidate for analysis
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Acid Rain Acid rain occurs when Sulphur Dioxide (SO2) is released into the atmosphere by electricity generation‚ motor vehicles‚ factories and by wildfires and volcanoes. Once released‚ the sulphur dioxide reacts with water to produce sulphuric acid. This has a pH of approximately 2-3 pH. This has a dramatic effect on water dwelling wildlife. Most water dwelling creatures can’t withstand water more acidic than pH 5. This causes the mass loss of life of animals such as trout‚ perch‚ frogs and mayflies
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one of two very similar pentose rings. Ribonucleic acids contain the sugar ribose. Deoxyribonucleic acids contain the sugar deoxyribose. The only difference between these two sugars is that deoxyribose contains one oxygen atom less than ribose. Pentose sugars are essential because they are involved in linking different nucleotides together by condensation reactions. The Nitrogen-Containing Bases There are two types of bases found in nucleic acids. The purine bases have two nitrogen containing rings
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ICSE Class X Chapter 5 Hydrogen Chloride and Hydrochloric Acid Hydrogen chloride (HCl) : Formula : HCl Nature : Covalent. Molecular Mass : 36·5u [i.e. HCl = 1 + 35·5 = 36·5] Occurrence : (i) Present in gastric juices. (ii) Present in volcanic gases. Laboratory preparation of HCl gas : Hydrogen chloride gas is prepared in laboratory by heating conc. H2SO4 with NaCl. NaCl + H2SO4 Heat → NaCl + NaHSO4 Heat → NaHSO4 + HCl Sodium hydrogen sulphate Na2SO4 + HCl
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BEHAVIOUR OF AMINO ACIDS IN SOLUTION Abstract In this practical the acid-base behaviour of amino acids was assessed. Amino acids are amphoteric. They have the basic (amine) and the acidic (carboxylic) functional groups. These show the same type of equilibrium reactions that all weak acids and bases undergo‚ and the relative amount of each can be altered by adjusting the pH of the solution. For this practical glycine was used as a model to show this unique nature of amino acids. A series of
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Serina Pooja Sowman | Practical 7: Determination of Hardness in Water | | | | | 10/3/2012 | | Aim: To determine the different types of hardness and alkalinity found in the water by titration methods. This is used to calculate the concentrations of calcium and magnesium found in the water. Principles: The hardness of water is determined to provide a measure of the quality of water for household and industrial use. Hard water is not a health hazard. Drinking hard water
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The Efficient Markets Hypothesis The theory of Efficient Markets Hypothesis (EMH) asserts that (1) stocks are always in equilibrium and (2) it is impossible for an investor to “beat the market” and consistently earn a higher rate of return than is justified by the stock’s risk. Those who believe in the EMH note that there are 100‚000 or so fulltime‚ highly trained‚ professional analysts and traders operating in the market‚ while there are fewer than 3‚000 major stocks. Therefore‚ if each analyst
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The Efficient Market Hypothesis(EMH) was first given by Samuelson(1965)‚Fama(1965) and Mandelbrot(1966).It was based on “Random walk Theory”‚ and stated that since the market price will be affected by new information in the market‚ all available information have been fully reflected on the security price. There are three assumptions for the Efficient Market Hypothesis: 1.All investors are independent‚ rational‚ well-informed and hope for the highest profit; 2.All information are free and randomly
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variable is the temperature of the water before and after the experiment‚ and the constant will be the cup of water that will have no chemicals added. If one teaspoon of ammonium chloride‚ calcium chloride‚ and sodium chloride are added to separate glasses of water‚ then ammonium chloride will keep the water cold the longest because it is most commonly used in brand name cold packs. In order to test the hypothesis‚ the scientists will label four cups to keep track of what chemical will go in each
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Why are African States weak? There are many causes for state weakness‚ there are many causes for state strength. State legitimacy‚ corruption‚ homogeneous/heterogeneous societies‚ unstable governments‚ uneducated workforce have all been named as the reason why an economy of the country is not working‚ but there is never one single reason why something does not work There is not also always a continual growth‚ and some countries can grow much bigger and stronger in some years‚ only to be hit
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