in the corporate equity markets. Hedge funds have traditionally been limited to sophisticated, wealthy investors. Over time, the activities of hedge funds broadened into other financial instruments and activities. Today, the term "hedge fund" refers not so much to hedging techniques, which hedge funds may or may not employ, as it does to their status as private and unregistered investment pools.
Financial Analysis on Ratios
There are lots of financial ratios related to a firm. Each ratio consists of different kinds of indexes, therefore it shows various aspects of the company. Of course, ratios do not perfectly represent the firm. As mentioned above, non-financial factors can also affect the firm. However, it does not mean that financial ratios are useless. Ratios reflect the perform
financial performances, on a consolidated basis, with revenue of KRW 41.79 trillion, operational profit of KRW 46.96 trillion, a 29.5% increase over 2007. EBITDA, an index of cash-generating capability, was KRW 9.55 trillion, significantly greater than the KRW 7.04 trillion in 2007.
Question C. Evaluate the liquidity
1) current ratio
The current ratio is a financial ratio that measures w
3. SK Broadband
CEO
박인식
Capital
117 billion
Date of Foundation
1997.09.26 Type of business
Telecommunication
Related Company 브로드밴드D&M, 브로드밴드CS, 브로드밴드미디어 etc.
Main
Business super-high-speed Internet services, local calls, company data business etc.
2. Market Commentary
As field of telecommunication business is in market saturation, it seems to be hard to expect more growth in that field. However, we don't think it will fail readily due to a lot of users. Telecommunications services need large amount of money at the first time, and they need comparatively long period to retrieve the investment. As their members are increasing, in this
Multi-asset Options
⑴ Definition
Multi-asset 옵션은 하나의 기초자산이 아닌 다수의 기초자산을 대상으로 하는 옵션이다. 금융시장에서 실제로 많은 예를 찾아볼 수 있는데, 그 한 가지 예로써 지수 옵션(index options)을 들 수 있다.
⑵ Examples of multi-asset options traded in the financial market
① Exchange options
- 어떤
index value
HDD(Heating Degree Day) = Max(0, B-X)
CDD(Cooling Degree Day) = Max(0, X-B)
X: a day’s average temperature, B: base temperature(65oF)
Exotic Derivatives usually refers to more
complex and unusual derivative contracts that depend on the value of some specific underlying.
This term contrasts with the use of Vanilla
Derivatives to denote more standard derivative
c
the market-to-book ratio of the firm
Together explanatory variables, and a constant, make up the vector Xit, which we use to predict failure at different horizons.
Vector Xit is a corporate character of financial state. It is a constant figure for respective companies.
A vector of our explanatory variables, including a constant,
Observed at the end of month t, failure at different horizons