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CAIA EXAMS COMPILATION BUBNDLE 2023/24|DOWNLOAD TO PASS
CAIA EXAMS COMPILATION BUBNDLE 2023/24|DOWNLOAD TO PASS
[Mostrar más]CAIA EXAMS COMPILATION BUBNDLE 2023/24|DOWNLOAD TO PASS
[Mostrar más]Which of the following structures transforms asset ownership into potentially distinct and diverse tradable investment opportunities? 
trading structure 
 
 
 
Which of the following structures refers to the financial markets related to a particular instrument, such as whether the investment is publ...
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Añadir al carritoWhich of the following structures transforms asset ownership into potentially distinct and diverse tradable investment opportunities? 
trading structure 
 
 
 
Which of the following structures refers to the financial markets related to a particular instrument, such as whether the investment is publ...
5th percentile vs 25th percentile performance 
5th percentile managers outperform in every comparison BUT 25th percentile managers' performance is more volatile --> even if 25th percentile managers outperform they tend to mean revert --> demonstrates the perils of choosing managers based on h...
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Añadir al carrito5th percentile vs 25th percentile performance 
5th percentile managers outperform in every comparison BUT 25th percentile managers' performance is more volatile --> even if 25th percentile managers outperform they tend to mean revert --> demonstrates the perils of choosing managers based on h...
Compounding 
- is the recognition of interest on interest or, more generally, earnings on earnings 
 
 
 
Simple Interest 
- is an interest rate computation approach that does not incorporate compounding 
 
 
 
Continuous Compounding 
- assumes that earnings can be instantaneously reinvested to gene...
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Añadir al carritoCompounding 
- is the recognition of interest on interest or, more generally, earnings on earnings 
 
 
 
Simple Interest 
- is an interest rate computation approach that does not incorporate compounding 
 
 
 
Continuous Compounding 
- assumes that earnings can be instantaneously reinvested to gene...
What are the categories of Real assets ? 
Land, Infrastructure, and IntangibleReal Assets 
Real Estate Fixed-Income Investments 
Real Estate Equity Investments 
 
 
 
• Binomial option pricing model ? 
• Binomial option pricing model: can be used to value undeveloped land as a call option. The c...
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Añadir al carritoWhat are the categories of Real assets ? 
Land, Infrastructure, and IntangibleReal Assets 
Real Estate Fixed-Income Investments 
Real Estate Equity Investments 
 
 
 
• Binomial option pricing model ? 
• Binomial option pricing model: can be used to value undeveloped land as a call option. The c...
List the 3 primary elements that differentiate a hedge fund from other investment pools 
1) Privately organized in most jurisdictions 
2) Usually offers performance-based fees to its managers 
3) Usually can apply leverage, use derivatives or utilize other investment felxibility 
 
 
 
List 6 invest...
Vista previa 2 fuera de 7 páginas
Añadir al carritoList the 3 primary elements that differentiate a hedge fund from other investment pools 
1) Privately organized in most jurisdictions 
2) Usually offers performance-based fees to its managers 
3) Usually can apply leverage, use derivatives or utilize other investment felxibility 
 
 
 
List 6 invest...
What is a split estate and in what region are split estates uncommon? 
A split estate is when the surface rights and mineral rights are separately owned. Split estates are 
relatively uncommon in the U.S. where private land owners tend to own both surface and mineral 
rights. 
 
 
 
List the three f...
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Añadir al carritoWhat is a split estate and in what region are split estates uncommon? 
A split estate is when the surface rights and mineral rights are separately owned. Split estates are 
relatively uncommon in the U.S. where private land owners tend to own both surface and mineral 
rights. 
 
 
 
List the three f...
Regression 
- a statistical analysis of the relationship that explains the values of a dependent variable as a function of the values of one or more independent variables based on a specified model. 
 
 
 
Independent Variable 
Are those explanatory variables that are inputs to the regression and ar...
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Añadir al carritoRegression 
- a statistical analysis of the relationship that explains the values of a dependent variable as a function of the values of one or more independent variables based on a specified model. 
 
 
 
Independent Variable 
Are those explanatory variables that are inputs to the regression and ar...
1. Yo _______ (viajar) en el tren de las 3:30. 
2. ¿Dónde _______ (vivir) Samuel de niño? 
3. Tú _______ (hablar) con Javier. 
4. Leonardo y yo _______ (correr) por el parque. 
5. Ustedes _______ (ir) a la clínica. 
6. Nadia _______ (bailar) merengue. 
7. ¿Cuándo _______ (asistir) tú a clase...
Vista previa 3 fuera de 29 páginas
Añadir al carrito1. Yo _______ (viajar) en el tren de las 3:30. 
2. ¿Dónde _______ (vivir) Samuel de niño? 
3. Tú _______ (hablar) con Javier. 
4. Leonardo y yo _______ (correr) por el parque. 
5. Ustedes _______ (ir) a la clínica. 
6. Nadia _______ (bailar) merengue. 
7. ¿Cuándo _______ (asistir) tú a clase...
Semi standard deviation 
Volatility of returns falling below the mean. Also called downside standard deviation 
 
 
 
Semi variance 
The square of the semi standard deviation 
 
 
 
Semi standard deviation 
Mean I hesapla. Mean den kucuk rakamlari alarak ( r-m)nin karesi +... Cikan rakam /n-1 = samp...
Vista previa 2 fuera de 7 páginas
Añadir al carritoSemi standard deviation 
Volatility of returns falling below the mean. Also called downside standard deviation 
 
 
 
Semi variance 
The square of the semi standard deviation 
 
 
 
Semi standard deviation 
Mean I hesapla. Mean den kucuk rakamlari alarak ( r-m)nin karesi +... Cikan rakam /n-1 = samp...
Normal Distribution 
○ Normal curve is symmetrical 
○ 2 halves are identical 
○ Doesn't hit zero but gets close 
○ Mean = mu 
○ Width = standard deviation = sigma 
○ Values often thought as distance from the mean in standard deviations 
§ Z value...how many standard deviations away fro...
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Añadir al carritoNormal Distribution 
○ Normal curve is symmetrical 
○ 2 halves are identical 
○ Doesn't hit zero but gets close 
○ Mean = mu 
○ Width = standard deviation = sigma 
○ Values often thought as distance from the mean in standard deviations 
§ Z value...how many standard deviations away fro...
Define investment 
Investment is deferred consumption. 
 
 
 
List four major types of real assets other than land and other types of real estate. 
Natural resources, commodities, infrastructure and intellectual property 
 
 
 
List the three major types of alternative investments other than real as...
Vista previa 1 fuera de 2 páginas
Añadir al carritoDefine investment 
Investment is deferred consumption. 
 
 
 
List four major types of real assets other than land and other types of real estate. 
Natural resources, commodities, infrastructure and intellectual property 
 
 
 
List the three major types of alternative investments other than real as...
Alternative investments 
Alternative investments are sometimes viewed as including any investment that is not simply a long position in traditional investments. 
 
 
 
Fixed-Income Securities 
A fixed income security is an investment that provides a return in the form of fixed periodic payments and ...
Vista previa 1 fuera de 4 páginas
Añadir al carritoAlternative investments 
Alternative investments are sometimes viewed as including any investment that is not simply a long position in traditional investments. 
 
 
 
Fixed-Income Securities 
A fixed income security is an investment that provides a return in the form of fixed periodic payments and ...
Inflation 
is the decline in the value of money relative to the value of a general bundle of goods and services 
 
 
 
Nominal Price 
refers to the stated price of an asset measured using the contemporaneous values of a currency. 
 
 
 
Real Price 
refers to the price of an asset that is adjusted fo...
Vista previa 1 fuera de 3 páginas
Añadir al carritoInflation 
is the decline in the value of money relative to the value of a general bundle of goods and services 
 
 
 
Nominal Price 
refers to the stated price of an asset measured using the contemporaneous values of a currency. 
 
 
 
Real Price 
refers to the price of an asset that is adjusted fo...
Multi-factor models 
 
express systematic risk using multiple factors and are extremely popular throughout traditional and alternative investing. The reason is simple: multi-factor models tend to explain systematic returns much better than do single-factor models. 
 
 
 
general ex ante form of a mu...
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Añadir al carritoMulti-factor models 
 
express systematic risk using multiple factors and are extremely popular throughout traditional and alternative investing. The reason is simple: multi-factor models tend to explain systematic returns much better than do single-factor models. 
 
 
 
general ex ante form of a mu...
What are the two major problems with estimating the beta of a hedge fund using historical return data? 
Using past data to measure beta causes estimation risk (inaccuracy). Another major problem with estimating beta using historical data is that the true beta being measured may be changing through t...
Vista previa 1 fuera de 3 páginas
Añadir al carritoWhat are the two major problems with estimating the beta of a hedge fund using historical return data? 
Using past data to measure beta causes estimation risk (inaccuracy). Another major problem with estimating beta using historical data is that the true beta being measured may be changing through t...
List major contrasts between venture capital and buyouts 
Whereas VC funds target nascent, start-up companies, buyouts target more established and 
mature companies. 
• VC is necessary to get a prototype product or service out the door. In a buyout, the capital is 
necessary not for product develo...
Vista previa 1 fuera de 3 páginas
Añadir al carritoList major contrasts between venture capital and buyouts 
Whereas VC funds target nascent, start-up companies, buyouts target more established and 
mature companies. 
• VC is necessary to get a prototype product or service out the door. In a buyout, the capital is 
necessary not for product develo...
20-bagger 
- indicates a company that appreciates in value 20-fold compared to the cost of the venture capital investment. 
 
 
 
angel investing 
- refers to the earliest stage of venture capital, in which investors fund the first cash needs of an entrepreneurial idea. 
 
 
 
auction process 
- inv...
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Añadir al carrito20-bagger 
- indicates a company that appreciates in value 20-fold compared to the cost of the venture capital investment. 
 
 
 
angel investing 
- refers to the earliest stage of venture capital, in which investors fund the first cash needs of an entrepreneurial idea. 
 
 
 
auction process 
- inv...
List the primary advantage of forward contracts to the parties involved. 
Forward contacts are ad hoc contracts negotiated between two parties with flexibility regarding 
details that help meet the needs and preferences of the parties. Futures contracts tend to be 
standardized 
 
 
 
What is the na...
Vista previa 1 fuera de 2 páginas
Añadir al carritoList the primary advantage of forward contracts to the parties involved. 
Forward contacts are ad hoc contracts negotiated between two parties with flexibility regarding 
details that help meet the needs and preferences of the parties. Futures contracts tend to be 
standardized 
 
 
 
What is the na...
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