Valutico

APRIL 25, 2023

We performed a detailed linear regression analysis, considering the betas and credit spread of listed companies, regressed against their ESG scores, for the universe of listed companies globally. Upon entering this step, you have the choice to start or skip the ESG assessment. Who is ValutECO for?

Discounted Cash Flow 52

Discounted Cash Flow Beta Equity Alpha 52

Valutico

APRIL 25, 2023

We performed a detailed linear regression analysis, considering the betas and credit spread of listed companies, regressed against their ESG scores, for the universe of listed companies globally. Upon entering this step, you have the choice to start or skip the ESG assessment. Who is ValutECO for?

Discounted Cash Flow 52

Discounted Cash Flow Beta Equity Alpha 52

Brian DeChesare

AUGUST 31, 2022

But before delving into the best candidates for these roles, typical trades, careers, and more, let’s start with the basic definitions: What is a Convertible Arbitrage Hedge Fund? If the stock price goes up or down by 10%, but the volatility stays the same, you might not earn or lose anything on the trade.

Banking 88

Banking Risk-free Rate Equity Start-ups 88

Musings on Markets

FEBRUARY 27, 2023

That may reflect the concern that once a person or entity starts borrowing to fund its needs, it is easy to overuse debt, and risk its wellbeing in the process. The "Right" Financing Mix Is there an optimal mix of debt and equity for a business?

Equity 52

Equity EBITDA Start-ups Net Debt 52

Brian DeChesare

NOVEMBER 9, 2022

People usually start this discussion by comparing S&T exits to investment banking exit opportunities and saying that S&T exit options are “worse.”. Of all the hedge fund strategies , global macro is the best fit for most traders because: It matches up directly with popular desks like rates trading , FX, and commodities.

Banking 93

Banking Equity Start-ups Marketability 93

Musings on Markets

FEBRUARY 8, 2022

In this post, I will start with a working definition of riskt that we can get some degree of agreement about, and then look at multiple measures of risk, both at the company and country level. In corporate finance, this takes the form of a hurdle rate , a minimum acceptable return on an investment, for it to be funded. What is risk?

Risk Premium 69

Risk Premium Beta Start-ups Equity 69

Brian DeChesare

AUGUST 10, 2022

But before delving into the exit opportunities and the long-term outlook, let’s start with the fundamentals: Oil & Gas Investment Banking Defined. Integrated Oil & Gas can also work, but at the large banks, you’ll mostly advise huge corporations on prospective asset deals and the occasional financing. Energy Services.

Banking 98

Banking EBITDA Dividends Equity 98

Brian DeChesare

JUNE 29, 2022

Similar to private equity firms, they operate on longer time frames, influence companies’ operations and finances, and might catalyze major changes, such as spin-offs or acquisitions. And similar to long/short equity hedge funds , they target undervalued and misunderstood companies and profit when the rest of the market catches up.

Private Equity Firm 52

Private Equity Firm Equity Banking Start-ups 52

Global Finance

SEPTEMBER 5, 2024

Global Finance ’s sixth annual list of the world’s best innovation labs highlights the power of collaboration. DeLorean] didn’t start as an anti-fraud solution. Innovations from the lab include products to speed up and automate loan paperwork and a single-dashboard solution for monitoring AML processes—including sanctions screening.

Banking 52

Banking Finance Technology Start-ups 52

Musings on Markets

JANUARY 5, 2024

I have also developed a practice in the last decade of spending much of January exploring what the data tells us, and does not tell us, about the investing, financing and dividend choices that companies made during the most recent year. Beta & Risk 1. Insider, CEO & Institutional holdings 2. Aggregate operating numbers 3.

Dividends 100

Dividends Risk Premium Equity Book Value 100

Musings on Markets

JANUARY 31, 2024

In this post, I start by looking at the end game for businesses, and how that choice plays out in investment rules for these businesses, and then examine how much businesses generated in profits in 2023, scaled to both revenues and invested capital. The End Game in Business If you start a business, what is your end game?

Equity 78

Equity Book Value Start-ups Corporate Finance 78

Musings on Markets

JANUARY 6, 2023

In my last post, I talked about the ritual that I go through every year ahead of my teaching each spring, and in this one, I will start on the first of a series of posts that I make at the start of each year, where I look at data, both macro and company-level. That is not true!

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Brian DeChesare

MAY 24, 2023

“Event-driven hedge funds” is one of the more confusing labels in finance. But, as usual, I want to start with the definitions and fund types: What is an “Event-Driven Hedge Fund”? Translating that to English: “We can grow more quickly and get higher margins without CMS, so our multiples will increase, and our share price will go up.”

Equity 64

Equity Start-ups EBITDA Banking 64

Brian DeChesare

DECEMBER 6, 2023

There are only a few dozen large funds in this category worldwide, but they’ve greatly impacted the markets and finance careers. Beta-Neutral Portfolios: For example, if the S&P 500 goes up or down by 5%, your team’s portfolio should move by ~0%. Up or Out: You’ll be fired if you do very poorly (i.e.,

Start-ups 104

Start-ups Beta Marketability Comps 104

Brian DeChesare

SEPTEMBER 13, 2023

The catalysts could be anything from quarterly earnings announcements to covenant breaches to announcements of M&A deals, financings, or strategic reviews. So, I would expect distressed performance to improve, especially as companies start to feel the effects of higher rates.

Equity 103

Equity Banking EBITDA Start-ups 103

Brian DeChesare

JULY 27, 2022

Credit Hedge Fund Definition: Credit hedge funds buy and sell fixed-income securities, such as high-yield bonds, distressed bonds, structured credit, and their derivatives; they profit by setting up trades that reduce one type of credit risk while betting on mispriced securities whose prices are likely to change in the future.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Musings on Markets

OCTOBER 25, 2021

The graph below, from the Pew Research Center, is a good starting point, since it highlight the shift in the share of aggregate US income flowing to upper, middle and lower income households. Put simply, if stocks are up 20% in 2021 and down in 2022, would taxpayers get refunds on their taxes paid in 2021?

Start-ups 98

Start-ups Marketability Appraisal Beta 98

Brian DeChesare

JULY 19, 2023

I’ll answer both questions here, but I want to start with a few definitions: What is a Long-Only Hedge Fund? But this is extremely difficult because very few sizable companies have negative Betas – and when they do, it’s usually due to an anomaly or special situation. lower intensity).

Equity 52

Equity Beta Banking Start-ups 52

Value Scope

SEPTEMBER 24, 2020

It started sometime last year, during the fourth quarter. The second inflection point was triggered by the “Fundamental Reshaping of Finance” open letter to CEOs on January 14, 2020, by BlackRock Chairman and Chief Executive Officer Larry Fink. “In Adjustments to Beta can accomplish this.

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130