Understanding Investment Risk and Return

Inbunden, Engelska, 2025

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Beskrivning

This timely book explores investment risk and return as fundamental concepts that underpin financial decision-making and portfolio management. With contributions from scholars and practitioners, it combines conceptual frameworks with real-world applications, providing insights into the consequences of past miscalculations of risk and returns and how advanced techniques help to improve decision-making.Understanding Investment Risk and Return outlines how investors can measure and manage both concepts to achieve their financial goals, such as controlling inflation and maximizing risk-adjusted performance. It integrates theoretical frameworks for portfolio optimization, including the efficient frontier, the capital asset pricing model (CAPM), and more advanced factor models that explain asset returns and risk exposures. Chapters explore how these models evolve with the integration of less traditional benefits such as derivatives and digital assets alongside technological advancements including AI and machine learning.With discussion questions at the end of each chapter to provoke further consideration and understanding of the topics, this book is a valuable tool for advanced students of financial economics and educators in the field alike.

Produktinformation

Utgivningsdatum:2025-11-28
Mått:156 x 234 x undefined mm
Format:Inbunden
Språk:Engelska
Serie:Understanding series
Förlag:Edward Elgar Publishing Ltd
ISBN:9781035339716

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap

Mer om författaren

Edited by Greg Filbeck, Samuel P. Black III Professor of Finance and Risk Management, Black School of Business, Vice Chancellor and Associate Dean for Academic Affairs, Penn State Behrend and Hunter Holzhauer, Robert L. Maclellan & UC Foundation Associate Professor of Finance, Gary W. Rollins College of Business, University of Tennessee at Chattanooga, USA

Recensioner i media

‘One of the classic paradigms in financial decision–decision-making is the risk-return tradeoff. Over the decades, much has been written on this topic. This must-have book goes beyond the basics to discuss sophisticated methods for measuring and managing risk across diverse asset classes clearly and concisely.’

Innehållsförteckning

ContentsPART I Foundations of risk and return1 Understanding risk and return: an overview 2Greg Filbeck and Hunter Holzhauer2 Measuring and managing risk 13Xudong Fu3 Measuring and managing returns 42Timothy A. Krause, Eric J. Robbins and Santina A. HaddadPART II Risk-return management and analysis4 Risk and return across inflationary regimes 67Jarah D. Macfarlane5 Risk-adjusted performance measurement 94Pilar Grau-Carles6 Prioritizing risks 124Auke Plantinga7 Understanding, applying, and critiquing different factor models 604Rustin T. YerkesPART III Risk and asset classes8 Digital assets (cryptocurrencies): part of a multi-asset portfolio 624Pankaj Agrrawal and Doug Waggle9 Speculating return and hedging risk with derivatives 653Tian (Lori) Tang10 Irrational investors 678Xing LuPART IV Going forward11 Bulls, bears, bubbles, and bankruptcy: what have we learned? 698Melissa Woodley12 Future trends and models for managing risk and return 721M. Tony Via