Security Analysis & Portfolio Management

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Across
  1. 2. The ability to buy or sell an asset quickly at a known price.
  2. 5. The --------------------frontier represents the set of portfolios with the maximum rate of return for every given level of risk, or the minimum risk for every level of return.
  3. 7. The ---------------------- component represents the portion of the portfolio’s actual return beyond that available to an unmanaged portfolio with identical systematic risk and is used to assess the manager’s investment prowess.
  4. 8. --------------------ratio measures the average return in excess of that of a benchmark portfolio divided by the standard deviation of this excess return.
  5. 12. The market ------------------is used as a benchmark to evaluate the performance of funds.
  6. 13. ------------------------was one of the originators of Capital Asset Pricing model.
  7. 14. The stop------------------order is a conditional market order to buy the stock if it increases to a specified price.
  8. 15. ------------------------laid the foundations to the Portfolio theory.
  9. 17. The ----------------------theorem suggests that investment and financing are two different decisions.
Down
  1. 1. The APT differs from the CAPM because the APT recognizes multiple ---------------------risk factors.
  2. 3. Performance ------------------analysis attempts to distinguish the source of the portfolio’s overall performance.
  3. 4. A -------------form EMH is when prices reflect all historical information.
  4. 6. ------------------of returns is the measure of the degree to which rates of return move together relative to the individual mean values over time.
  5. 7. A ---------------sale is a transaction in which the seller sells overpriced stock which he/she does not own but borrows from another investor through a broker.
  6. 9. The --------------market is used for lending and borrowing short-term funds.
  7. 10. The --------------measure is calculated as excess returns per unit of systematic risk.
  8. 11. The --------------------market line is the graphical representation of CAPM.
  9. 13. -------------------measure calculates the portfolio’s average return in excess of a user-selected minimum acceptable return threshold per unit of downside risk.
  10. 16. --------------------measure represents the average excess return of the portfolio above that predicted by an asset pricing model.
  11. 18. The market ------------------in its’ pure form means shifting funds between a market index portfolio and safe assets such as T-bills or money market funds depending on whether the market as a whole is expected to outperform the safe asset.