= Consumption-based capital asset pricing model
{wiki=Consumption-based_capital_asset_pricing_model}
The Consumption-Based Capital Asset Pricing Model (CCAPM) is an extension of the traditional Capital Asset Pricing Model (CAPM) that incorporates consumers' consumption patterns into the valuation of assets. While the traditional CAPM primarily focuses on the relationship between the expected return of a security and its systematic risk (as measured by beta relative to the market), the CCAPM integrates the concept of intertemporal consumption choices and utility.
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