We developed a market maturity index as a composite of the relative liquidity index (which was used historically to … measure market maturity) and a market sophistication index, constructed by analyzing market volume and transaction data. We … also constructed a risk management index using volatility and V2 (volatility of the volatility) to measure ease of risk …

This paper explores the relationship between inflation and the existence of a local, nominal, publicly-traded, long-maturity …

This paper explores the relationship between inflation and the existence of a publicly-traded, long-maturity, nominal …

alternative always has the possibility to be inferior to other competing alternatives. To facilitate risk-based decision making …, the minimax expected opportunity loss (EOL) rule is applied for alternative selection. Two existing risk measures as well … as EOL are compared and their implications in risk-based decision making are examined. It is shown that EOL can reflect …

Risk, in a financial sense, is defined as variance about some forecasted value. Any time a business appraiser forecasts … developing an actual risk measure (standard deviation) that may be used with discounted cash flow valuation models. …