firms Unlike the other Greeks, implied volatility was unknown. 6 t Implied volatility Realized volatility t + 1 • It was calculated by reverse engineer process from the option price at time t. • Implied
]St0 HC = Ct1−[Delta]St1 DeltaBS = f ( St0, K, T, r, σ ) Historical statistic : Standard deviation Implied statistic : Min ∑ (Cmarket – C theoretical) 2 DeltaWM = f ( St0, K, T, r, μ, σ* ) σ* = f (r, μ
electronics and screens was steady. The automotive and oil related segments saw severe drops in off-take and for the first time we saw the shutdown of the retail segment which impacted our apparel demand. • Our
both pricing environment and handset campaigns despite lessen from previous year. Market was driven by postpaid acquisition via handset bundling package causing steady rise in blended ARPU throughout the
Bt574 from Bt635 in 4Q17 but stabilized from 3Q18. Regulatory fee was Bt1,420mn and accounted for 4.2% of core service revenue, steady from last quarter. Network OPEX was Bt7,366mn, increasing 47% YoY and
per ton (YoY) in an otherwise strong season. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in IVL’s core earn- ings follows on from IVL’s consistent strategy of prudent
, diversified and steady cash flows, growing with a combined EBITDA of 18% YoY and 44% LTM 2Q19. The Integrated Oxides & Derivatives segment was negatively impacted by the extended shutdown into 2Q19 following
rates have remained steady. Core EPS of THB 4.49, up 65% YoY, post 11.1% dilution from warrants exercise. Operating Cash Flow of $1,037 million, despite higher working capital deployment due to start
higher margins with production remaining steady Strong improvement in the North American business with Core EBITDA per ton of $145 vs $121 in 1Q LTM 2017 and the EMEA business with 1Q 2018 LTM Core
us to continue to sell at all times and create a steady stream of operating cash flows. 1Q 2020 Summary Financials Table 1: Core Financials of Consolidated Business $million (except where stated