Search Results

New search >

46 items match Black swans, market timing and the Dow. Click here for tips on how to optimize your results.

Sort by: Relevance | date

PAGE 1 of 5    Next page Go to page  

Black Swans, Market Timing and the Dow

Date: 06/2009
Author(s): Estrada, Javier

Document type: Article in Journal (refereed)

Do investors in the US stock market obtain their long-term returns smoothly and steadily over time or is their long-term performance largely determined by the return of just a few outliers? How likely are investors to successfully predict the best days to be in and out of the market? The evidence from the Dow Jones Industrial Average ...

Black Swans and Market Timing

Date: 10/2008
Author(s): Estrada, Javier

Document type: Article in Journal (refereed)

Do investors obtain their long-term returns smoothly and steadily over time, or is their long-term performance largely determined by the return of just a few outliers? How likely are investors to successfully predict the best days to be in and out of the market? The evidence from 15 international equity markets and more than 160,000 daily ...

Black Swans in Emerging Markets

Date: 08/2009
Author(s): Estrada, Javier

Document type: Article in Journal (refereed)

Do investors in emerging markets obtain their long-term returns smoothly and steadily over time, or is their long-term performance largely determined by the return of just a few outliers? Are investors likely to successfully predict the best days to be in and out of these markets? The evidence from 16 emerging equity markets and ...

How to hold your nerves in volatile markets think about (black) swans

Date: 12/2009
Author(s): Estrada, Javier

Document type: Non-refereed article

The article discusses the author's research on the existence of Black Swans in financial markets. It shows that a negligible proportion of days determines a massive creation or destruction of wealth. The author stresses that Black Swans suggest to investors both what not to do and what to do in financial markets.

The Unpredictability of Black Swans in Emerging Markets

Date: 05/10/2009
Author(s):
Interviewee(s): Estrada, Javier
Document type: Interview (Video)

As investors everywhere lose money to the financial crisis, many are wondering whether large catastrophic market swings, known as “black swans,” could ever be predicted with any degree of accuracy. IESE Prof. Javier Estrada considers the impact of outliers in emerging markets and finds that they can have a massive impact on the long-term ...

Black Swans, Beta, Risk, and Return

Date: 10/2012
Author(s): Estrada, Javier; Vargas, María

Document type: Article in Journal (refereed)

Beta has been a controversial measure of risk ever since it was proposed almost half a century ago, and we do not pretend to settle with this article what decades of research has not. We do, however, take advantage of the recent trend of investing in countries and industries through index funds and exchange-traded funds (ETFs), as well as a renewed ...

Investing in Emerging Markets

Date: 01/2009
Author(s): Estrada, Javier

Document type: Non-refereed article

Most investors agree that investing in emerging markets is risky, but not all of them agree on the best strategy to deal with this risk. Some investors view the high volatility of these markets as an opportunity to make large short-term profits and actively trade; others view it as a risk than can only be borne with a long-term perspective ...

The Hollinger Media Group. Lord Black: Fall of a Media Tycoon

Date: 17/03/2006
Author(s): Daniels A.; Miller, Paddy

Document type: Case

The story of how Conrad Black, son of a Canadian businessman, built a media empire starting at the age of 22 when he bought his first newspaper in rural Quebec is the stuff of legends. By 1996, Hollinger Black company owned more than 400 titles around the globe, representing the third largest publisher of newspapers in circulation in ...

Utilización de la fórmula de Black y Scholes para valorar opciones

Date: 01/07/1997
Author(s): Fernández, Pablo

Document type: Technical Note

En esta nota se alude a la utilización de la fórmula de Black y Scholes

Derivación de la fórmula de Black y Scholes por el procedimiento de las martingalas simplificado

Date: 07/1996
Author(s): Ariño, Miguel Angel; Fernández, Pablo

Document type: Non-refereed article

En este artículo se calcula el valor de la opción de compra hoy, esto es, el valor actual neto del valor de la opción en la fecha de ejercicio: MAX (St - K, 0). Se parte de la ecuación estocástica (aleatoria) que caracteriza la evolución del precio de la acción y se llega a la fórmula de Black y Scholes a través del VAN por aplicación directa ...

PAGE 1 of 5     Next page Go to page
BENEFITS OF REGISTRATION
  • Access to our business indicators
  • Receive IESE Insight newsletter and alerts
  • Read exclusive documents

View all benefits

MORE RESULTS IN: