The Gain-Loss Spread: A New and Intuitive Measure of Risk

نویسندگان

  • John H. S. Clark
  • L. Dwayne Barney
چکیده

ing and Indexing ServicesThe Journal is indexed by Accounting and Tax Index, Emerald ManagementReviews (Online Edition), Environmental Science and Pollution Manage-ment, Risk Abstracts (Online Edition), and Banking Information Index. Disclaimer The Publisher, Morgan Stanley, its affiliates, and the Editorcannot be held responsible for errors or any consequences arising fromthe use of information contained in this journal. The views and opinionsexpressed in this journal do not necessarily represent those of thePublisher, Morgan Stanley, its affiliates, and Editor, neither does the pub-lication of advertisements constitute any endorsement by the Publisher,Morgan Stanley, its affiliates, and Editor of the products advertised. No personshould purchase or sell any security or asset in reliance on any information inthis journal. Morgan Stanley is a full-service financial services company active inthe securities, investment management, and credit services businesses.Morgan Stanley may have and may seek to have business relationships withany person or company named in this journal. Copyright © 2009 Morgan Stanley. All rights reserved. No part of this publi-cation may be reproduced, stored or transmitted in any form or by any meanswithout the prior permission in writing from the copyright holder. Authoriza-tion to photocopy items for internal and personal use is granted by the copy-right holder for libraries and other users registered with their local Reproduc-tion Rights Organization (RRO), e.g. Copyright Clearance Center (CCC), 222Rosewood Drive, Danvers, MA 01923, USA (www.copyright.com), providedthe appropriate fee is paid directly to the RRO. This consent does not extendto other kinds of copying such as copying for general distribution, for adver-tising or promotional purposes, for creating new collective works or for resale.Special requests should be addressed to: [email protected]. This journal is printed on acid-free paper.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Improving the Thermal Characteristics of Semiconductor Lasers Using a New Asymmetric Waveguide Structure

   Self-heating leads to a temperature rise of the laser diode and limits the output power and efficiency due to increased loss and decreased differential gain. To control device self-heating, it is required to design the laser structure with a low optical loss, while the heat flux must spread out of the device efficiently. In this study, a new asymmetric waveguide design is proposed and th...

متن کامل

Design of a High Range, High Efficiency Spread Spectrum Transmitter for Audio Communication Applications

This work proposes a direct sequence spread spectrum transmitter with high transmission range and efficiency for audio signals. It is shown that by choosing high process gain for spread spectrum signal the data could reach a range of 55km in the 2.4GHz ISM band. By employing a light modulation scheme, we have a relaxed SNR requirement for having a low bit error rate (BER) which translates to re...

متن کامل

مدل طولی انتقال (Transition model) در تحلیل اختلال وزن کودکان زیر 2 سال شرق تهران

  Background and Objectives : Failure to gain weight (FTG) is one of the predominant health issues in children. The aim of this study is application of longitudinal transition model in determining the prognostic factors for failure to gain weight in children under two years.   Methods: In this study, 363 children under 2 years that were visited at the health centers in the east of Tehran wer...

متن کامل

A new quadratic deviation of fuzzy random variable and its application to portfolio optimization

The aim of this paper is to propose a convex risk measure in the framework of fuzzy random theory and verify its advantage over the conventional variance approach. For this purpose, this paper defines the quadratic deviation (QD) of fuzzy random variable as the mathematical expectation of QDs of fuzzy variables. As a result, the new risk criterion essentially describes the variation of a fuzzy ...

متن کامل

A new similarity measure between type-2 fuzzy numbers and fuzzy risk analysis

In this paper, we present a revised similarity measure based onChen-and-Chen's similarity measure for fuzzy risk analysis. The revisedsimilarity measure uses the corrected formulae to calculate the centre ofgravity points, therefore it is more  effective than the Chen-and-Chen'smethod. The revised similarity measure can overcome the drawbacks of theexisting methods. We have also proposed a new ...

متن کامل

A New Ultra-Wideband Low Noise Amplifier With Continuous Gain Control

This paper presents a new variable gain low noise amplifier (VG-LNA) for ultra-wideband (UWB) applications. The proposed VG-LNA uses a common-source (CS) with a shunt-shunt active feedback as an input stage to realize input matching and partial noise cancelling. An output stage consists of a gain-boosted CS cascode and a gain control circuit that moves the high resonant frequency to higher freq...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2009