We have used a sample of 210 UK investment trusts to test performance persistence in different time periods. We bootstrapped on the monthly returns over successive years over the whole period starting from 01/01/1990 to 01/01/2006. The estimated and simulated return was computed by sampling...

This book is designed to provide an overview, an explanation and application of econometrical financial models to various investment vehicles. I have used a step-by- step approach to help the postgraduate and research students to understand how to relate the various investment vehicles with...

The existing literature of performance persistence of UK investment trusts is limited. We are going to use a sample of 210 UK investment trusts to test performance persistence in different time periods. We sort funds into rank portfolios based on past performance. A positive and statistically...

This book covers a quick introduction to high school mathematics, arithmetic and geometric series, infinite geometric series, mathematical induction, binomial theorem, factorials, permutations and combinations, determinants, systems of linear equations, boolean algebra, orthogonal functions,...

The study of statistics is concerned with the collection, presentation, analysis and interpretation of numerical data. Another definition of statistics is that it is a body of methods and theories that are applied when making decisions in the face of uncertainty. Descriptive statistics or...

This book is designed to provide an overview and introduction to the financial derivatives. Derivatives are a very complicated subject in terms of mathematics and understanding, so it becomes very important to use simple definition and basic mathematics. A lot of students and especially the one...

In this article, we test performance persistence and measure the historical, the implied volatility, the credit spread volatility and the value at risk,VaR, of the credit derivatives swaptions contracts. We examine contracts of US leveraged loans, mortgage backed securities, high grade corporate...

In this article, we examine performance persistence and the implied volatility smile of the commodity options contracts. We examine contracts of wheat, corn, live cattle, soybean oil, and lean hog. Hedge funds use options and futures in terms of commodities to hedge market risk. We compare the...

In this article, we test performance persistence and volatility fluctuations of the prices of the treasury note futures contracts based on the US term structure of interest rates. The sample investigated is over the period 2010 to 2020. We test 50 Treasury note futures commodity trading...

Financial accounting is externally focused. It is concerned with the production of annual reports such as balance sheet, income statements and cash flow statements as legal requirement and is used by external parties such as creditors, analysts, government bodies and the public. In contrast,...