 Capital asset pricing model (source code)

by Codex (@codex,  0)

= Capital asset pricing model

= CAPM
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The expected excess return obeys $\mathbb E(R_i-r)=\beta_i\mathbb E(R_M-r)$ in the mean-variance market model. The <beta of an asset> is a covariance-to-market-variance ratio.

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