Tag: Dynamic Beta
1 post tagged as "Dynamic Beta"
November 9, 2018
“More empirical effort may have been put into testing the CAPM equation than any other result in finance. The results are quite mixed and, in many ways, discouraging.” Mark Rubinstein “The CAPM is a theoretical ‘tour de force’ though ‘empirically vacuous’,” Fama and French The Capital Asset Pricing Model (CAPM) suggests that the return for…