What's the meaning of the intercept in asset pricing model?
As far as I understand, in efficient market it should be equal to zero. If not - market is inefficient. Or there is still some risk factor which is priced, but not reflected in the model.
How to Read Stock Charts: Quick-Start Guide - NerdWallet
Aug 26, 2024 · The open is the first price at which a stock trades during regular market hours, while high and low reflect the highest and lowest prices the stock reaches during those hours, respectively.
Linear Analysis, Alpha, and Beta - StockCharts.com
Mar 13, 2015 · Modern finance believes that the slope is the Beta and the Y-intercept is the Alpha. Let me pick that apart a little bit. The outcome of this process yields the alpha (Y-intercept), beta (slope), and the correlation (R).
How to Evaluate Stock Performance - Investopedia
Jun 16, 2024 · The importance of stock valuation allows an investor to a certain degree to determine whether a stock is undervalued, overvalued, or trading at a fair market price.
How to Read Stock Charts: An Investor’s Guide - Yahoo Finance
Aug 4, 2021 · What’s Included in a Stock Chart? Stock charts show you a stock’s price movements obviously.
Reading Stock Charts: A Guide for Investors | Seeking Alpha
May 9, 2022 · Understanding how to read stock charts allows investors to gain deeper insights from the price movements of securities. Learn how to read stock charts.
How to Read a Stock Chart - Charles Schwab
Jan 16, 2023 · Learn how to interpret a stock chart to understand the movement of the stock market and an individual stock's performance, as well as how to make sound financial decisions.
How to read stock charts for beginners - MoneyWise
Jun 14, 2023 · Reading a Stock charts can be very confusing for beginners. Here's how to read stock charts & what they mean for your investment strategy.
How To Read Stock Charts – Forbes Advisor
Mar 8, 2023 · Individual stock charts give investors a great deal of insight into a stock’s past performance and its potential future performance.
Why a Stock's Price Won't Always Reflect Its Company's Value
Jan 5, 2022 · What the market thinks a stock is worth right now is not the same as its intrinsic value. There are many factors and metrics to take in account that the market can overlook or inflate.