+ Exposure P ri c e Underlying stock price Option position Stock position Gamma Risk • In case of a European call option, a hedge portfolio is constructed by establishing a long position in the option and a
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
portfolio exposure in another countries and the degree of home bias are the main factors that determined the financial market spillover. However, strong linkages between countries are not necessarily implied
ไดรบัอนุญาต ตองจัดใหมีการเปดเผยขอมูลเพื่อเปรียบเทียบคาความผันผวนแฝง (implied volatility) กับคาความผันผวนในอดีต (historical volatility) บน website ของผูออก DW โดยเปนการเปดเผย อยางตอเนื่อง
prospectus; - continuing disclosure of the implied volatility in comparison to the historical volatility on the website of the DW issuer; - disclosure of a warning statement regarding the gearing ratio, a
constructed a new club house, the new development would help to reposition golf course to a competitive level and serve the customers’ needs. The Company targeted to generate higher income from green fee, golf
A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals* Sarayut Rueangsuwan † Kasetsart University, Thailand August 2015 Abstract Prior literature on meeting or beating earnings benchmarks extensively documents that market rewards firms reporting a string of consecutively earnings increases. To date, it is still unclear what an earnings string really means. This paper empirically provides rational explanations for this phenomenon by investigating whether the increment...
เพิ่มเติม เพื่อใหตลาดซื้อขาย DW มีประสิทธิภาพยิ่งขึ้น (market efficient) กลาวคือ จากการศึกษาขอมูลพบวา ในทางปฏิบัติที่ผานมา ผูออก DW บางราย มีการกําหนดราคา DW โดยคิดคา Implied Volatility2 ไวคอนข
continuously constructed warehouse/factory buildings. Revenue from rent increased from THB 17 million per quarter at the time the Company made investment to THB 50 million per quarter this year. Propsect
Myanmar. This project will be constructed in late 2020 and the commercial operation date for selling electricity to Ministry of Electricity and Energ for 30 years is scheduled in 2021. The Company is under