Remove Banking Remove Beta Remove Start-ups
article thumbnail

Data Update 1 for 2025: The Draw (and Danger) of Data

Musings on Markets

It is the end of the first full week in 2025, and my data update for the year is now up and running, and I plan to use this post to describe my data sample, my processes for computing industry statistics and the links to finding them. Beta & Risk 1. Return on Equity 1. Debt Ratios & Fundamentals 1. Debt Details 1. Buybacks 2.

article thumbnail

Data Update 6 for 2025: From Macro to Micro - The Hurdle Rate Question!

Musings on Markets

In business financing decisions , the cost of capital becomes an optimizing tool , where businesses look for a mix of debt and equity that reduces the cost of capital , and where matching up the debt (in terms of currency and maturity) to the assets r educes default risk and the cost of capital. Corporate Default Risk , i.e,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Convertible Arbitrage Hedge Funds: The Perfect Combination of Investment Banking and Sales & Trading?

Brian DeChesare

Traditionally, if someone asked the “ sales & trading vs. investment banking ” question, the response was easy: “Do banking unless you really, really like trading and could not imagine doing anything else.”. The time to expiration or maturity is further away – because there’s more time for the stock price to go up.

Banking 89
article thumbnail

Indian Exchanges Move To T+0: Up Next Is Real-Time Settlement

Global Finance

In keeping with its intense focus on introducing cutting-edge digital infrastructure to its finance and banking systems, India in March became the first among major global financial market to implement T+0 settlement on its stock exchanges. The sped-up settlement cycle is a step up from India’s previous one-day settlement system.

article thumbnail

Country Risk: A 2022 Mid-year Update!

Musings on Markets

It has been my practice for the last two decades to take a detailed look at how risk varies across countries, once at the start of the year and once mid-year. Country Risk: Currency and Cost of Capital As a final part to this post, to see the shifts in country risk that we have seen in 2022, let’s start with an assessment of risk free rates.

article thumbnail

Multi-Manager Hedge Funds: A Meritocratic Paradise or a Revolving Door of Burnout?

Brian DeChesare

They do this by setting up entire teams (“pods”) for specific sectors, having each team learn their stocks or other securities in-depth, and then trading frequently based on catalysts and changes in investor sentiment. Beta-Neutral Portfolios: For example, if the S&P 500 goes up or down by 5%, your team’s portfolio should move by ~0%.

Start-ups 104
article thumbnail

Tesla in November 2023 : Story twists and turns, with value consequences!

Musings on Markets

I was planning to start this post by telling you that Tesla was back in the news, but that would be misleading, since Tesla never leaves the news. As a lead in to updating the company’s valuation, it makes sense to start with the stock price, the market’s barometer for the company's health.

Start-ups 126