Various researchers criticized the assumption of a normal distribution of returns in the traditional Capital Asset Pricing Model (CAPM), leading to the recognition of the non-normal distribution of returns and the mean and variance were insufficient to characterize the distributi...
Open access
Research Article10.9734/jemt/2024/v30i41203
The traditional Capital Asset Pricing Model (CAPM) assumed a normal distribution of returns, which was criticized by various researchers who recognized the non-normal distribution of returns in the Sharpe-Lintner CAPM. The introduction of unconditional higher moments, namely co-s...
Open access
Research Article10.9734/ajeba/2024/v24i51299
For an investor, in deciding on the investment, risk and return plays an important role. The risk and return are interrelated. Usually, if the return is small, the bet will also be low and the higher risk will be associated with a higher return. Investments in stock markets are r...
Open access
Research Article10.9734/ajpas/2023/v22i2482