1STEXAM-VALUATION
問題一覧
1
chance that some unfavorable event will occur
Risk
2
weighted average of the expected returns from the individual assets in the portfolio
Expected Portfolio Return
3
can be used as a measure of the amount of absolute risk associated with the outcome
Standard Deviation
4
standardized measure of the risk per unit of return
coefficient of variation
5
investment consists of different assets
Portfolio
6
variability of returns of the portfolio as a whole
Portfolio risk
7
investing more than one type of asset to reduce risk
Diversification
8
relative statistical measure of correlation in the degree and direction of change between two variables.
Correlation coefficient
9
The greater the variability, the higher the risk
TRUE
10
probability that the actual return is less than the expected return
Investment Risk
11
Generally, investors are RISK AVERSE, which means as much as possible investor will try to avoid risk.
TRUE
12
Risk and return have DIRECT RELATIONSHIP to each other
TRUE
13
Returns are higher for high risk investments as compared to low risk investments and the difference is considered a
Risk Premium
14
Probability and Probability distribution can be used in evaluating investments by computing
Expected Return
15
Riskiness of an investment can be gauged with the variability of it's returns
TRUE
16
pronounced as "sigma"
Standard Deviation
17
statistical measure of the variability of a probability distribution around its expected value.
Standard Deviation
18
Standard deviation also measures the tightness of a probability distribution
TRUE
19
The smaller the SD, the tighter the probability distribution, the smaller the range of returns the lower the risk.
TRUE
20
one in which half of the distribution is a mirror image of the other half
Symmetrical Distribution
21
one in which half of distribution is not a mirror image of the other half
Skewed Distribution
22
Standard deviation is an APPROPRIATE RISK MEASURE of variability only if probability distribution is reasonably SYMMETRICAL
TRUE
23
standardized measure of the risk per unit of return
Coefficient of variation
24
Diversification reduces risk by combining assets such as, securities with different risk return characteristics
TRUE
25
relative statistical measure of correlation in the degree and direction of change between two variables. It ranges from +1 to -1
Correlation coefficient
26
+1= same direction, perfectly positive correlated
-1= opposite direction, perfectly negative correlated
0= uncorrelated/independent
TRUE
27
those are not willing to pay amount as much as the expected value of an uncertain investment.
Risk averse investors
28
those that are willing to pay the expected value
Risk- neutral
29
those that are willing to pay more than the expected value
Risk takers
30
selection of efficient portfolios
Portfolio Theory
31
process of measuring/assessing risk and developing strategies to manage it
Risk management
32
Risk management should
a. create value
b. address uncertainty and assumptions
c. integral part of org. process
d. dynamic, responsive
e. continual improvement
f. systematic
TRUE
33
Under process of risk management in identification of Potential Risks. It is a breakdown of possible risk sources
Taxonomy Based
34
accepting loss/ benefit of gain.
i.e
self insurance
Retention
35
uncertainty about a return caused by natureof business
Business Risk
36
inability to sell investment quickly in cash
Liquidity Risk
37
probability that some or all investment will not be returned
Default Risk
38
investment has declined as a result of inflation
Purchasing Power Risk
39
how different values of independent affect dependent
Sensitivity Analysis
40
involves using computer based technique available
Simulation
41
Type of Probability which only has one single outcome for each action and 100% will occur
Decision Making under certainty
42
Type of Probability which decision maker does not know the probability of occurence and has several event
Decision making under uncertainty
43
value assigned to different outcomes from decision
Payoff
44
knows the probability of occurence and has several outcomes
- most popular method
Decision Making under Risk
45
Risk management is
The act or practice of controlling risks.
46
Which one does not belong to the group
Results and conclusions
47
In this step of the Risk Management Process, the potential severity of impact and the
probability of the risk’s occurrence is analyzed.
Risk Assessment
48
statistical measure of the variability of a probability distribution around its expected value.
Standard Deviation
49
The actual amount of compensation demanded is called
Required Rate of Return
2nd exam
2nd exam
Alpha Ton · 24問 · 1年前2nd exam
2nd exam
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Capm
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Capm
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3RDEXAM-VALUATION
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3RDEXAM-VALUATION
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4THEXAM-VALUATION
Alpha Ton · 9問 · 1年前4THEXAM-VALUATION
4THEXAM-VALUATION
9問 • 1年前問題一覧
1
chance that some unfavorable event will occur
Risk
2
weighted average of the expected returns from the individual assets in the portfolio
Expected Portfolio Return
3
can be used as a measure of the amount of absolute risk associated with the outcome
Standard Deviation
4
standardized measure of the risk per unit of return
coefficient of variation
5
investment consists of different assets
Portfolio
6
variability of returns of the portfolio as a whole
Portfolio risk
7
investing more than one type of asset to reduce risk
Diversification
8
relative statistical measure of correlation in the degree and direction of change between two variables.
Correlation coefficient
9
The greater the variability, the higher the risk
TRUE
10
probability that the actual return is less than the expected return
Investment Risk
11
Generally, investors are RISK AVERSE, which means as much as possible investor will try to avoid risk.
TRUE
12
Risk and return have DIRECT RELATIONSHIP to each other
TRUE
13
Returns are higher for high risk investments as compared to low risk investments and the difference is considered a
Risk Premium
14
Probability and Probability distribution can be used in evaluating investments by computing
Expected Return
15
Riskiness of an investment can be gauged with the variability of it's returns
TRUE
16
pronounced as "sigma"
Standard Deviation
17
statistical measure of the variability of a probability distribution around its expected value.
Standard Deviation
18
Standard deviation also measures the tightness of a probability distribution
TRUE
19
The smaller the SD, the tighter the probability distribution, the smaller the range of returns the lower the risk.
TRUE
20
one in which half of the distribution is a mirror image of the other half
Symmetrical Distribution
21
one in which half of distribution is not a mirror image of the other half
Skewed Distribution
22
Standard deviation is an APPROPRIATE RISK MEASURE of variability only if probability distribution is reasonably SYMMETRICAL
TRUE
23
standardized measure of the risk per unit of return
Coefficient of variation
24
Diversification reduces risk by combining assets such as, securities with different risk return characteristics
TRUE
25
relative statistical measure of correlation in the degree and direction of change between two variables. It ranges from +1 to -1
Correlation coefficient
26
+1= same direction, perfectly positive correlated
-1= opposite direction, perfectly negative correlated
0= uncorrelated/independent
TRUE
27
those are not willing to pay amount as much as the expected value of an uncertain investment.
Risk averse investors
28
those that are willing to pay the expected value
Risk- neutral
29
those that are willing to pay more than the expected value
Risk takers
30
selection of efficient portfolios
Portfolio Theory
31
process of measuring/assessing risk and developing strategies to manage it
Risk management
32
Risk management should
a. create value
b. address uncertainty and assumptions
c. integral part of org. process
d. dynamic, responsive
e. continual improvement
f. systematic
TRUE
33
Under process of risk management in identification of Potential Risks. It is a breakdown of possible risk sources
Taxonomy Based
34
accepting loss/ benefit of gain.
i.e
self insurance
Retention
35
uncertainty about a return caused by natureof business
Business Risk
36
inability to sell investment quickly in cash
Liquidity Risk
37
probability that some or all investment will not be returned
Default Risk
38
investment has declined as a result of inflation
Purchasing Power Risk
39
how different values of independent affect dependent
Sensitivity Analysis
40
involves using computer based technique available
Simulation
41
Type of Probability which only has one single outcome for each action and 100% will occur
Decision Making under certainty
42
Type of Probability which decision maker does not know the probability of occurence and has several event
Decision making under uncertainty
43
value assigned to different outcomes from decision
Payoff
44
knows the probability of occurence and has several outcomes
- most popular method
Decision Making under Risk
45
Risk management is
The act or practice of controlling risks.
46
Which one does not belong to the group
Results and conclusions
47
In this step of the Risk Management Process, the potential severity of impact and the
probability of the risk’s occurrence is analyzed.
Risk Assessment
48
statistical measure of the variability of a probability distribution around its expected value.
Standard Deviation
49
The actual amount of compensation demanded is called
Required Rate of Return