Abstract: Rate-of-Return Characteristics and Risk-Return Relationships of Low-Priced, Highly Speculative Securities

Abstract: Rate-of-Return Characteristics and Risk-Return Relationships of Low-Priced, Highly Speculative Securities

Purpose. The purpose of this paper is to examine the rate-of-return characteristics and risk-return relationships of low-priced, highly speculative securities and to compare these with those of so-called higher-quality issues. The capital asset pricing model is used as a framework for conducting thi...

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Veröffentlicht in:Journal of financial and quantitative analysis 1976-11, Vol.11 (4), p.645-645
1. Verfasser: Gardner, Norman D.
Format: Artikel
Sprache:eng
Schlagworte:
Common stock
Financial portfolios
Financial securities
Investment return rates
Market portfolios
Securities > Risk and Return
Stock exchanges
XII. Securities–Risk and Return
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Zusammenfassung:Purpose. The purpose of this paper is to examine the rate-of-return characteristics and risk-return relationships of low-priced, highly speculative securities and to compare these with those of so-called higher-quality issues. The capital asset pricing model is used as a framework for conducting this analysis.
ISSN:0022-1090
1756-6916
DOI:10.2307/2330223