Results From the CAPM — Capital Asset Pricing Model
The Capital Asset Pricing Model (CAPM) is employed in this chapter to determine whether the systematic risk of the water transportation industry is different from that of the “average” company in the market, and to consider whether risk has changed over time and also under different market conditions (bull and bear market conditions). The systematic risk is identified to be the appropriate measure of risk and its advantages over the use of total risk are highlighted.
KeywordsReal Estate Systematic Risk Market Risk Capital Asset Price Model Transportation Industry
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