Real Estate Capital Markets Essay

751 words - 4 pages

Real Estate Capital Markets –MBA 2015
Homework Assignments #2

I_TBI | I_GB | I_SP500 |
2.6% | 1.7% | 1.8% |
* סטטיסטיקה
1. מצורף נספח עם חישוב תשואות רבעונית.
2. ממוצע:

I_TBI | I_GB | I_SP500 |
5.7% | 2.3% | 7.5% |
3. סטית תקן:

  | I_TBI | I_GB | I_SP500 |
I_TBI | 0.33% | 0.01% | 0.06% |
I_GB | 0.01% | 0.05% | -0.04% |
I_SP500 | 0.06% | -0.04% | 0.56% |
4. מטריצת var-cov:




5. מטריצת קורלציות:
  | I_TBI | I_GB | I_SP500 |
I_TBI | 1 | 0.10 | 0.14 |
I_GB | 0.10 | 1 | -0.21 |
I_SP500 | 0.14 | -0.21 | 1 |

* חזית היעילות מניות ואג"ח בלבד:
סטית תקן תיק | ממוצע תיק | ...view middle of the document...

97 | Ws= | 80% | Wtb= | 20% |
6.83 | 1.88 | Ws= | 90% | Wtb= | 10% |
7.47 | 1.80 | Ws= | 100% | Wtb= | 0% |


* בתיק המכיל 50% מניות, 20% אגח ו30% נדלן הסטית תקן שתתקבל הינה 4.3 והתוחלת של התיק 2% (גיליון חישוב תיק באקסל).
אחוז אחזקה | |
12% | 11% | 10% | 8% | 7% | 6% | 4% | 3% | 0% | 0% | מניות |
85% | 76% | 67% | 58% | 49% | 40% | 31% | 22% | 4% | 0% | אגח |
3% | 13% | 24% | 34% | 44% | 55% | 65% | 75% | 96% | 100% | נדלן |
| | | | | | | | | | |
1.7% | 1.8% | 1.9% | 2.0% | 2.1% | 2.2% | 2.3% | 2.4% | 2.60% | 2.64% | average return |
2.0% | 2.0% | 2.2% | 2.5% | 2.9% | 3.4% | 3.9% | 4.4% | 5.5% | 5.7% | standard deviation |
*





*
















נספח- חישוב תשואות

| | historical returns |
Year | Quarter | I_TBI | I_GB | I_SP500 |
1994 | 1 |   | | |
1994 | 2 | 15% | -2% | 2% |
1994 | 3 | -3% | -2% | 3% |
1994 | 4 | -9% | -2% | 0% |
1995 | 1 | 13% | 5% | 9% |
1995 | 2 | 1% | 5% | 9% |
1995 | 3 | 4% | 5% | 3% |
1995 | 4 | 2% | 5% | 9% |
1996 | 1 | -2% | 0% | 3% |
1996 | 2 | 9% | 0% | -2% |
1996 | 3 | 2% | 0% | 10% |
1996 | 4 | 6% | 0% | 11% |
1997 | 1 | 0% | 2% | 2% |
1997 | 2 | 5% | 2% | 19% |
1997 | 3 | 7% | 2% | -4% |
1997 | 4 | 7% | 2% | 7% |
1998 | 1 | 10% | 4% | 13% |
1998 | 2 | 2% | 4% | 1% |
1998 | 3 | -5% | 4% | -2% |
1998 | 4 | 7% | 4% | 16% |
1999 | 1 | 3% | -2% | 4% |
1999 | 2 | 0% | -2% | 0%...

Other Essays Like Real Estate Capital Markets

The Estate Tax Should Be Controlled

3633 words - 15 pages tax through its publications Form 706, Form 706 Instructions, and Publication 559 (irs.gov). It would be wise for a taxpayer to elect a trustworthy executor as well as carefully designate your beneficiaries. In essence, estate tax is the federal governments method of imposing a tax on property when transferred to a beneficiary upon death of the owner. This tax includes but is not limited to insurance, business interests, annuities, real estate

Efficiency and Competition of Islamic Banking in India - Secura Investments

516 words - 3 pages creativity in the Indian Mutual fund industry. Mutual fund investment has enabled investors in achieving better returns and to hold up diversified investment portfolio. Secura, an Islamic finance company provides Investment management services to venture capital and mutual fund, private equity, real estate or any other funds. Investment management team of Secura constitutes expert professionals who can manage investments in real estate, finance

Real Estate Upheaval 2008

2059 words - 9 pages Real Estate and Financial Upheaval before/during and after the crash of 2008 Melvin Ramos Contents 1.0 Background 2 2.0 Real Estate Bubble 3 3.0 Contributors to the bubble 4 4.0 Monetary Policies before/during the crash 5 5.0 Shadow Banking Systems and Financial risks 6 6.0 Mortgage brokers and real estate brokers 7 7.0 During and after the crisis 8 8.0 Conclusion 9 References: 10 1.0 Background Real

Marriot Corporation Case Analysis

1061 words - 5 pages business by purchasing assets of competitors in financial difficulty. However, we don’t think this business plan with expansion would be accepted by the most of creditors without a proper message to the capital market. Because most of original creditors of MC’s bonds were institutional holders who had been suffered from collapse of Junk Bond and Real Estate Market and might also be forced to sell their holdings on MC’s bond at an extreme low price at

Philosophy

971 words - 4 pages are usually more volatile than the stock market and carry considerable risk. One should take time to study forex trading before plunging into this market. Real Estate means buying and holding property (e.g. Land, condominiums, apartments, houses, lots) either for lease or to sell at a profit when the value goes up. A popular investment vehicle, real estate can be highly profitable but usually requires a large amount of capital to start with

International Trade

1283 words - 6 pages difficult, since there are several way to measure capital flows. There is a basic disctinction bewteen : financial capital=paper assets such as stocks, bonds, currencies and bank accounts physical capital= real estate, factorues and businesses The latter type of capital is called Foreign Direct Investment (FDI) FDI are linked with the end of protectionism for some countries that's why they developed themselves in the 80's. Indeed bewteen

Capital Budgeting Fundamentals

4179 words - 17 pages Valuation and Capital Budgeting Part I Capital Budgeting M. Lambert Valuation and Capital Budgeting Part I, HEC-ULg 2013-2014 – Marie Lambert 1 Real investments • Real investments are expenditures that generate cash in the future and, as opposed to financial investments, like stocks and bonds, are not financial instruments that trade in the financial markets • Corporations create value for their shareholders by making good real

Financial Analysis

656 words - 3 pages your return on assets, your business is financially inefficient and destroying invested capital. In the mortgage example above, if the return on assets on the house is 5% per year and the mortgage interest rate is 5%, the cost of capital would be 9% (calculated using this formula). This excludes taxes and the current poor real estate market performance, which, when combined, would increase the gap between return on assets and cost of capital

Real Estate Experience

2399 words - 10 pages . This is where an organizational revolution began on the municipal level. 4 In the 1870s and 1880s, these men established dozens of local real estate boards, creating the rules and practices that governed the local real estate markets. After there was some organizational structure locally, the men then acquired national aspirations. In 1908, the National Association of Real Estate Exchanges was established. This association was later named National

Re Bubble

5033 words - 21 pages decline in GDP. Meanwhile, current market trends in the Philippines show that interest rates on real estate loans have been decreasing for the past 10 years. This, together with different factors, encourages consumers to continuously acquire properties. 4 3. Real Estate Market Trends According to Mueller [b], real estate markets follow the general trend below: Figure 1. Market Cycle Quadrants Phase I is the recovery period after

Financial System

1365 words - 6 pages 4.88% at end-2012, the peak is 6.25% at end-2011 (See Appendix II). Besides, the troubled assets ratio was remarkable higher than the National median since 2010. This ratio reached 24.30% while the National median is 10.70% at that time (See Appendix III). Did it do well or badly? Overall, Old National Bank did relatively good. They expect conditions in the overall residential real estate and credit markets to remain uncertain for the

Related Papers

C.H.I.N.A.: 'cheap House Is Not Allowed'

2759 words - 12 pages adopted by the U.S. in 2008 to face the crisis. In his opinion, this ultra-expansive policy is causing: a growth in the prices of oil and food and an increase of capital on the most dynamic economies. According to this, it is easy to understand how the Chinese economic stimulus plan launched in 2008 to avoid the crisis can be linked with the rise of circulating currency and its investment in real-estate market. The implementation of the ‘4

Ing Student Fund Essay

4830 words - 20 pages behalf of over 55,000 investors. Many of you are familiar with us through your investment in ING Industrial Fund or ING Office Fund, both of which have successfully utilised ING Real Estate’s extensive global network to source quality assets in some of the world’s premier real estate markets. Since 2004, we have established three listed property funds, seeking to create value for investors through dynamic and growing property sectors. As a result

Ireland Financial Crisis Essay

1209 words - 5 pages Ireland Financial Crisis Introduction of Ireland Financial Crisis 怡萱 The Impacts of the Crisis e pacts o t e C s s Relief Program  Relief Program Unified European Bonds Conclusion 婉婷 軒敏 佩宜 y •Economy Boom •Investors jump in the  markets •Real estate market  was thriving  2008 EU carried out  Low Interest Rate policy EU carried out “Low Interest Rate” policy Ireland was full of “Cheap Fund” Government tried to  Promote Real

Tax Week 6 Analysis

1035 words - 5 pages . Year1 1120S 1. Ordinary business income (loss) 42,500 2. Net rental real estate income (loss) 0 3a. Other Gross rental income (loss) 0 b. Expenses from other rental activities 0 c. Other net rental income (loss) 3b-3a 0 4. Interest